FORT
LAUDERDALE, Fla., Feb. 28,
2023 /PRNewswire/ -- Flanigan's Enterprises, Inc.
(NYSE American: BDL), owners and operators of the "Flanigan's
Seafood Bar and Grill" restaurants and "Big Daddy's" retail package
liquor stores (the "Company," "we"), announced today that
it received a notice from the New York Stock Exchange ("NYSE")
indicating that, because the Company did not timely file its
Quarterly Report on Form 10-Q for the quarter ended December 31, 2022 (the "Form 10-Q"), it is not in
compliance with the NYSE American's continued listing requirements
under the timely filing criteria established in the NYSE American
Company Guide. Under Section 1007 of the NYSE American Company
Guide, the Company could be granted up to 12 months to cure the
late filer delinquency. The initial six-month period to regain
compliance is automatic and the additional six months is only
granted upon request by the Company and approval by the NYSE. The
NYSE notice has no immediate effect on the listing or trading of
the Company's securities on the NYSE American. The Company intends
to regain compliance with the NYSE listing standards before that
date by filing the Form 10-Q with the SEC. The Company will file
the Form 10-Q as soon as reasonably practicable.
About Flanigan's Enterprises, Inc.
Flanigan's
Enterprises, Inc. owns and operates the "Flanigan's Seafood Bar and
Grill" restaurants and "Big Daddy's Liquors" retail package liquor
stores. For more information, please
visit www.flanigans.net.
Forward-Looking Statements
Certain statements
contained herein are not based on historical fact and are
"forward-looking statements" within the meaning of applicable
securities laws. Generally, these statements can be identified by
the use of words such as "guidance," "believes," "estimates,"
"anticipates," "expects," "on track," "feels," "forecasts,"
"seeks," "projects," "intends," "plans," "may," "will," "should,"
"could," "would" and similar expressions intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. These forward-looking
statements include all matters that are not historical facts. By
their nature, forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from the Company's forward-looking statements. The Company
assumes no obligation to update any forward-looking statement.
These forward-looking statements speak only as of the date of this
release. All forward-looking statements are qualified in their
entirety by this cautionary statement.
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SOURCE FLANIGAN'S ENTERPRISES, INC.