Fedders Corporation Announcement
12 Maggio 2005 - 1:20AM
PR Newswire (US)
Fedders Corporation Announcement LIBERTY CORNER, N.J., May 11
/PRNewswire-FirstCall/ -- Fedders Corporation, a leading global
manufacturer of air treatment products, including air conditioners,
air cleaners, dehumidifiers and humidifiers, and thermal technology
products, announced today that, as a result of the previously
reported delay in filing its Annual Report on Form 10-K, it has not
timely filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q for the first fiscal quarter of 2005.
The financial statements for the company's first fiscal quarter
cannot be completed until the fiscal year 2004 financial statements
are completed. The company cannot, at this time, estimate when the
Quarterly Report on Form 10-Q will be filed. As previously
reported, the company was advised by Deloitte & Touche on April
14, 2005, that it will not stand for reappointment as the company's
registered public accounting firm for the year ending December 31,
2005 or for any quarterly periods in the year. The company is
currently interviewing accounting firms to succeed Deloitte &
Touche. Upon completion of the company's financial statements for
fiscal year 2004, the company's new registered public accounting
firm will undertake its review of the company's fiscal first
quarter financial statements, completion of which is required
before the Form 10-Q can be filed. As stated above, the company
cannot, at this time, estimate when the Quarterly Report on Form
10-Q will be filed. This news release includes forward-looking
statements that are covered under the "Safe-Harbor" clause of the
Private Securities Litigation Reform Act of 1995. Such statements
are based upon current expectations and assumptions. Actual results
could differ materially from those currently anticipated as a
result of known and unknown risks and uncertainties including, but
not limited to, weather and economic, political, market and
industry conditions and reliance on key customers. Such factors are
described in Fedders' SEC filings, including its most recently
filed annual report on Form 10-K. The company disclaims any
obligation to update any forward-looking statements to incorporate
developments occurring after release of announcement. Visit the
Fedders investor information website at http://www.fedders.com/ to
access additional information on Fedders. DATASOURCE: Fedders
Corporation CONTACT: Robert Laurent, Jr. of Fedders Corporation,
+1-908-604-8686, Web site: http://www.fedders.com/
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