MatrixOne Issues Update on Financial Review
30 September 2005 - 7:00AM
Business Wire
MatrixOne, Inc. (NASDAQ: MONEE), a leading provider of
collaborative product lifecycle management (PLM) solutions for the
value chain(TM), today announced that it is requesting an
additional extension from the NASDAQ Listing Qualifications Panel
for returning to compliance with NASDAQ listing requirements. The
Company will provide prompt public disclosure after the Panel
issues its decision. There can be no assurance that the Panel will
grant the Company any additional extension. The Company's common
stock will continue to trade on the NASDAQ National Market while
the Panel considers the Company's request. The Company will not
complete and file its periodic reports with the Securities and
Exchange Commission for the quarter ended April 2, 2005 and the
fiscal year ended July 2, 2005 by September 30, 2005 as previously
stated by the Company. About MatrixOne MatrixOne, Inc. (NASDAQ:
MONEE), a leading global provider of collaborative product
lifecycle management (PLM) software and services, enables companies
to accelerate product innovation to achieve top line revenue growth
and improve bottom line profitability. With world-class PLM
solutions and a commitment to customer success, MatrixOne is
focused on helping companies across the automotive, aerospace &
defense, consumer, machinery, medical device, semiconductor and
high-tech industries solve their most challenging new product
development and introduction problems. More than 800 companies use
MatrixOne's solutions to drive business value and gain a
competitive advantage, including industry leaders such as BAE
Systems, Bosch, Comau, General Electric, Honda, Johnson Controls,
Linde AG, NCR, Nokia, Philips, Porsche, Procter & Gamble, Sony
Ericsson, STMicroelectronics and Toshiba. MatrixOne
(www.matrixone.com) is headquartered in Westford, Massachusetts,
with locations throughout North America, Europe and Asia-Pacific.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 - Forward-looking statements in this release do
not constitute guarantees of future performance. Such
forward-looking statements are subject to risks and uncertainties
that could cause our actual results to differ materially from those
anticipated. Such statements relate, among other things, to the
expected filing of periodic reports with the Securities and
Exchange Commission. The risks and uncertainties that may affect
forward-looking statements include, among others: the continued
listing of our common stock on the NASDAQ Stock Market, the
granting of our additional extension request to the NASDAQ Stock
Market for continued listing of our common stock on the NASDAQ
Stock Market, unforeseen issues encountered in the review of our
revenue recognition practices, and the completion of our audit for
the fiscal year ended July 2, 2005. For a more detailed discussion
of the risks and uncertainties of our business, please refer to our
periodic reports and registration statements filed with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K for the fiscal year ended July 3, 2004, our Registration
Statement on Form S-3 filed on September 29, 2004 as amended, and
our Quarterly Report on Form 10-Q for the fiscal quarter ended
January 1, 2005. However, the financial statements and other
financial information therein may not be relied upon until the
restatement process and related audit are completed. The
forward-looking statements included in this press release represent
our views as of the date of this press release. We anticipate that
subsequent events and developments may cause our views to change.
We assume no obligation to update any forward-looking information
contained in this press release or with respect to the
announcements described herein. MatrixOne and the MatrixOne logo
are registered trademarks, and "a leading provider of collaborative
product lifecycle management (PLM) solutions for the value chain"
is a trademark of MatrixOne, Inc. All other trademarks and service
marks are the property of their respective owners.
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