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Press Release

Asyst Technologies to Request NASDAQ Hearing Relating
To Late Filing of Form 10-K


FREMONT, Calif., July 7, 2006 - Asyst Technologies, Inc. (NASDAQ: ASYT), as required by NASDAQ, today announced that it received a letter from the NASDAQ Listing Qualifications Department on June 30, 2006, indicating that Asyst is not in compliance with the filing requirements for continued listing as set forth in NASDAQ Marketplace Rule 4310(c)(14). This is because of the company's previously announced delay in filing its Annual Report on Form 10-K for its fiscal year ended Mar. 31, 2006.

NASDAQ has begun a process that could eventually lead to de-listing of the company's common stock on the NASDAQ Global Market (previously named the NASDAQ National Market). However, the company has made a request for a hearing before a NASDAQ Listings Qualifications Panel to address the filing delay. As indicated in the NASDAQ letter, the company's timely request for a hearing will postpone a de-listing of the company's common stock pending the hearing and the Panel's decision. Asyst hopes to remedy its filing delay before NASDAQ would effect the de-listing of Asyst's common shares, but Asyst cannot assure that the Panel will grant a request for continued listing. These matters also are being reported in a Form 8-K to be filed on July 7, 2006.

Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: the notice of potential de-listing that we received from NASDAQ and the need to seek from NASDAQ an extension of time to file our fiscal year 2006 Form 10-K in order to avoid possible de-listing of our common stock from the NASDAQ Global Market, and uncertainties that may be associated with any hearing or appeals that seek to avoid de-listing for failure to file timely periodic reports with the SEC; uncertainties relating to the time needed for our special committee of independent directors to complete its inquiry into our past stock option grants and practices; uncertainties related to the time required for our auditors to review the results of the special committee's inquiry; uncertainty as to whether the final resolution of previously announced matters could relate to historical financial statements, and could require a restatement of such financial statements; uncertainty as to whether final resolution of the previously announced matters, including delays in filing our Form 10-K for our fiscal year 2006, or periodic statements for subsequent reporting periods, could adversely affect our ability to timely consummate our previously announced agreement to purchase from Shinko Electric Co., Ltd. additional outstanding shares of our majority-owned subsidiary Asyst Shinko Inc., or could materially and adversely affect any related financing (including acceleration of payment obligations); the possibility that these or other matters could comprise a material weakness in the company's internal control over financial reporting, which could prevent the company from timely meeting its future reporting requirements or obligation to maintain effective internal control; volatility in our stock price pending resolution of or resulting from the matters discussed above; the volatility of semiconductor industry cycles and other factors more fully detailed in the company's annual report on Form 10-K for the year ended March 31, 2005, and other reports filed with the Securities and Exchange Commission.

Contact: John Swenson
Vice President, Investor Relations & Corporate Communications
Asyst Technologies, Inc.
510-661-5000
 


Copyright © 2005 Asyst Technologies, Inc.  All rights reserved.