2008-07-18 22:56:07 -
www.verifone.com - VeriFone Holdings, Inc. Investor Contact: William Nettles Vice President Corporate Development & IR Tel: 408-232-7979 Email: ir@verifone.com or Editorial Contact: Pete Bartolik Tel: 508-283-4112 Email: pete_bartolik@verifone.com VeriFone Holdings Inc. (NYSE: PAY) today announced that it has been granted an additional period for continued listing and trading on the New York
Stock Exchange through October 31, 2008, subject to reassessment on an ongoing basis. During this period the Company's trading on the New York Stock Exchange will remain unaffected. If VeriFone does not make the required filings during this additional period, the NYSE could either grant a further additional extension or move forward to initiate suspension and delisting procedures.
VeriFone is continuing to work diligently on completing the restated financial statements and related disclosures for the three quarterly periods being restated and its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for the fiscal periods subsequent to July 31, 2007 and will make the required filings as soon as practicable.
CAUTIONARY INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, including, without limitation, as to the restatement process and filing of the Company's periodic reports with the SEC, that involve risks and uncertainties. In some cases, forward-looking statements can be identified by words such as "anticipates," "expects," "believes," "plans," "predicts," and similar terms. Risks, uncertainties and assumptions that could affect VeriFone's forward-looking statements include, among other things, completion of the restatements described above and completion of VeriFone's financial statements as of and for the fiscal year ended October 31, 2007 and for the three month periods ended January 31 and April 30, 2008. Other risks and uncertainties include, but are not limited to, those discussed under the heading "Risk Factors" in VeriFone's Annual Report on Form 10-K for the year ended October 31, 2006 and subsequent Quarterly Reports on Form 10-Q. Unless required by law, VeriFone expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.
About VeriFone Holdings, Inc. (www.verifone.com)
VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Updates Restatement Process
