CSP Inc. Announces the Filing of its 2005 Form 10-K
17 Marzo 2006 - 3:46PM
PR Newswire (US)
BILLERICA, Mass., March 17 /PRNewswire-FirstCall/ -- CSP Inc.
(NASDAQ:CSPIE), a provider of IT Solutions, systems integration
services and dense cluster computing systems, announced today it
had filed its Form 10-K for the fiscal year ended September 30,
2005. The filing had been delayed while various financial statement
issues were being resolved. Resolution of those issues had no
effect on previously announced revenues and earnings. The Company
is continuing to work on completing the restatement of the its
unaudited financial statements for the interim fiscal periods ended
December 31, March 31, and June 30 of fiscal 2005 and the
comparable periods of fiscal 2004 for certain amounts that were
incorrectly classified in the consolidated balance sheets and
consolidated statements of cash flows. The restatements are not
expected to have any effect on previously reported net income
(loss) or earnings per share. In addition, the Company is working
to complete the filing of its Form 10-Q for the quarter ended
December 31, 2005 (the first quarter of fiscal year 2006). Filings
on Form 10-Q/A with respect to the restated quarterly periods and
Form 10-Q with respect to the first quarter of the current fiscal
year will be made as soon as practicable. For more information on
the restatement, please refer to our Current Report on Form 8-K
filed March 16, 2006. About CSP Inc. Based in Billerica,
Massachusetts, and founded in 1968, CSP Inc. (NASDAQ:CSPIE) and its
subsidiaries develop and market best-of-breed IT solutions, image
processing software, systems integration services, and
high-performance computer systems. Its Systems segment includes the
MultiComputer Division, which supplies high-performance Linux
cluster systems for a broad array of defense applications,
including radar, sonar and surveillance signal processing. The
Company's MODCOMP, Inc. subsidiary, also part of its Service and
System Integration segment, was founded in 1970 and which includes
the fiscal 2003 acquisition of Technisource, is a leading provider
of IT solutions and systems integration services. MODCOMP works
with third parties to develop customized solutions in the global IT
markets and has offices in the U.S., U.K., and Germany. More
information about CSP is available on the Company's website at
http://www.cspi.com/. To learn more about MODCOMP, Inc., please
consult http://www.modcomp.com/. Contact: Gary Levine, CFO
978-663-7598 x1200 DATASOURCE: CSP Inc. CONTACT: Gary Levine, CFO
of CSP Inc., +1-978-663-7598 ext. 1200 Web site:
http://www.cspi.com/
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