Grill Concepts Receives Nasdaq Notification
24 Maggio 2005 - 3:00PM
PR Newswire (US)
Grill Concepts Receives Nasdaq Notification LOS ANGELES, May 24
/PRNewswire-FirstCall/ -- Grill Concepts, Inc. (NASDAQ:GRILE) today
announced that, because it has not timely filed its Form 10-Q for
the first quarter ended March 27, 2005 due to the delay in filing
its 2004 Form 10-K, Nasdaq has notified the company of an
additional delinquency with regard to Marketplace Rule 4310(c)(14),
which requires listed companies to provide Nasdaq with copies of
all reports required to be filed with the Securities and Exchange
Commission (SEC). Grill Concepts previously announced that the
company is adjusting its method of accounting for operating leases
to comply with recent guidance issued by the Office of Chief
Accountant of the Securities and Exchange Commission. On May 23,
2005, management completed and filed its 2004 Form 10-K, along with
the restatement of its financial statements for prior fiscal years,
to reflect the revised accounting treatment. With the 2004 Form
10-K filed yesterday, the company is now applying the new lease
accounting treatment to its Form 10-Q for the first fiscal quarter
ended March 27, 2005 and expects to file said Form in the near
term. About Grill Concepts, Inc. Grill Concepts owns and manages
upscale casual and fine dining, full service restaurants under two
core brand names: The Grill on the Alley and Daily Grill. The
company operates 24 restaurants, including four The Grill on the
Alley-branded restaurants in Beverly Hills, Hollywood, San Jose,
California, and Chicago, as well as 20 Daily Grill restaurants in
Southern and Northern California, the Washington, D.C. metropolitan
region, Houston, Texas, Portland, Oregon and Skokie, Illinois. This
news release contains forward-looking statements, which are subject
to completion of the company's Form 10-Q for the fiscal quarter
ended March 27, 2005. Actual results may differ materially from
these statements due to risks and uncertainties beyond the
company's control, which are detailed from time to time in the
company's filings with the United States Securities and Exchange
Commission. CONTACTS: Philip Gay Chief Financial Officer Grill
Concepts, Inc. (310) 820-5559 Angie Yang PondelWilkinson Inc. (310)
279-5980 DATASOURCE: Grill Concepts, Inc. CONTACT: Philip Gay,
Chief Financial Officer of Grill Concepts, Inc., +1-310-820-5559;
or Angie Yang of PondelWilkinson Inc., +1-310-279-5980, , for Grill
Concepts, Inc.
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