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NEW YORK, Nov 26, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
'mktg, inc.' (Nasdaq: CMKG), an alternative marketing and media communications agency, today reported that on November 20, 2008 it received a letter from The Nasdaq Stock Market notifying it that the Company is not in compliance with the requirements for continued listing set forth in Nasdaq Marketplace Rule 4310(c)(14) because of the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2008.
As recently announced, 'mktg, inc.' has determined that its audited consolidated financial statements for the fiscal year ended March 31, 2008 and unaudited interim consolidated financial statements for the quarter ended June 30, 2008, may need to be restated. The Company is conducting a review of its historical financial statements and is working with its independent registered public accounting firm toward being able to file amended Forms 10-Q and 10-K, which would then enable the Company to file its 10-Q for the quarter ended September 30, 2008. The Company intends to make all necessary filings to become current in its reporting obligations as soon as practicable.
Pursuant to Nasdaq rules, the Company has 60 days to submit a plan to Nasdaq to regain compliance. The Company will endeavor to become current in its reporting obligations within such 60-day period, and intends to submit a compliance plan to Nasdaq if it is unable do so. Following any such submission, Nasdaq may provide the Company with up to 180 days (until May 13, 2009), to regain compliance.
About 'mktg, inc.'
'mktg, inc.' (Nasdaq: CMKG) is headquartered in New York with offices in San Francisco, Chicago, Cincinnati and Toronto. The Company has positioned itself as a strategic partner that measures and analyzes marketing programs to provide a provable return on investment. The Company's services include experiential marketing, event marketing, multi-cultural and urban marketing, relationship marketing, buzz and viral marketing, social media and consumer generated media. For more information, please visit www.mktg.com.
This press release includes statements which constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements.
Contact: Charles Tarzian
President and Chief Executive Officer
212-366-3407
SOURCE ?mktg, inc.?
http://www.mktg.com
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