3D Systems Receives NASDAQ Delisting Notice
 ROCK
HILL,
South Carolina, May 22, 2007 - 3D Systems Corporation (NASDAQ: TDSC), a leading
provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions,
today announced that it has received a Staff Determination notice from The
Nasdaq Stock Market stating that the company’s common stock is subject to
delisting from The Nasdaq Stock Market. The notice was issued in accordance
with standard Nasdaq procedures as a result of the previously announced
delayed filing of the company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2007. Timely filing of periodic reports is a requirement for
continued listing under Nasdaq Marketplace Rule 4310(c)(14).
The company previously received similar Staff Determination notices from
The Nasdaq Stock Market when it failed to timely file its Form 10-K for the
year ended December 31, 2006 and Form 10-Q for the period ended September
30, 2006. As previously disclosed, the company received notices from Nasdaq
of determinations to continue the listing of shares of the company’s common
stock on the Nasdaq Stock Market after the Company filed the Form 10-K in
late April and Form 10-Q in early February.
As the company previously stated in a Form 12b-25 filed with the SEC on
May 10, 2007, it was not able to undertake the work necessary to close its
first quarter 2007 financial records or to begin preparing its Quarterly
Report on Form 10-Q for the period ended March 31, 2007 until the work
necessary to file its Annual Report on Form 10-K for the year ended 2006 was
completed in late April. While the company has been diligently preparing its
Quarterly Report on Form 10-Q, it was nonetheless unable to meet the
extended filing date of May 15, 2007 for this report. The company currently
plans to file its Quarterly Report on Form 10-Q as promptly as practicable.
As permitted by the Nasdaq Marketplace Rules, the company intends to
appeal the delisting of its common stock and therefore plans to timely
request a hearing before a Nasdaq Listing Qualifications Panel, which will
automatically stay any delisting of the company’s common stock pending the
Panel’s review and determination.
“Our current inability to remain timely in our periodic filing
requirements remains a serious matter,” said Abe Reichental, 3D Systems’
president and chief executive officer. “While it is Nasdaq’s customary
practice to send notices such as this one to all Nasdaq-listed companies in
similar circumstances, we plan to file our Form 10 Q as promptly as
practicable and are taking all remedial actions that are necessary to
maintain our Nasdaq listing.”
About 3D Systems Corporation
3D Systems is a leading provider of 3-D Modeling, Rapid Prototyping and
Manufacturing solutions. Its systems and materials reduce the time and cost
of designing products and facilitate direct and indirect manufacturing by
creating actual parts directly from digital input. These solutions are used
for design communication and prototyping as well as for production of
functional end-use parts: Transform your products.
More information on the company is available at
www.3dsystems.com, or via e-mail at
moreinfo@3dsystems.com.
---------
If news like this is important to you, sign up for our
TenLinks Daily at
www.tenlinks.com/NEWS/sub_unsub.htm.
Related News
Apr 22 - 3D Systems Delivers Accura Materials in Japan
Apr 9 - Japan's Nihon Weed Buys 3D Systems Sinterstation Pro SLS
Apr 9 - Japan's Nihon Weed Buys 3D Systems Sinterstation Pro SLS
Apr 2 - 3D Systems Ships V-Flash Desktop Modeler
Mar 18 - 3D Systems Q4 Revenue Up 6% to $45M with $1.4M Profit
Mar 4 - 3D Systems to Collaborate with TRIAL for Laser Sintering
Feb 29 - Sirona Selects 3D Systems InVision DP 3D Modeler
Feb 11 - APP Selects 3D Systems Accura
Feb 4 - 3D Systems Launches Direct Metal Laser Sintering Systems
Jan 22 - 3D Systems to Launch ProJet DP 3000 3D Printer
Jan 8 - 3D Systems to Launch ProJet HD3000 3D Printer
Jan 8 - APP Buys 3D Systems Viper Pro SLA
Dec 17 - 3D Systems to Present at Needham Conference
Dec 6 - 3D Systems Announces Nanocomposite for SLA
Oct 23 - 3D Systems' Q3 FY 2007 Conference Call on Nov 2, 9AM ET
Oct 16 - FineLine Becomes 3D Systems 'Preferred Service Provider'
Oct 10 - 400 Attend 3D Systems World Conference
Oct 10 - Acu-Cast Buys 3D Systems Viper Pro SLA System
Oct 9 - Reebok Adopts 3D Systems DuraForm Flex Plastic
Sep 27 - 3D Systems Releases LS 3.44, OptiScan for SLS Systems
Sep 27 - 3D systems Launches DuraForm HST Plastic for SLS Systems
Sep 27 - 3D Systems Offers Accura 48HTR Rapid Prototype Plastic
Sep 27 - 3D Systems to Offer Self-Maintenance Courses
Sep 26 - 3D Systems Delivers Software for Viper Pro SLA
Sep 25 - 3D Systems Claims Viper Pro SLA Installed in 13 Countries
Sep 25 - 3D Systems Launches V-Flash Desktop Modeler
Sep 25 - 3D Systems Introduces DuraForm EX Black Plastic
Sep 18 - 3D Systems CEO Named Ambassador for Economic...
Aug 7 - 3D Systems Q2 Revenue Up 34% to $36M But Loses $5.3M
Jul 30 - 3D Systems University Offers InVision 3-D Modeling Course
Jul 24 - 3D Systems Announces Accura Xtreme Plastic
Jul 24 - 3D Systems Converts 6% Debentures into Common Stock
Jul 3 - 3D Systems Launches Accura 55 Plastic
Jul 3 - 3D Systems Extends Loan Agreement with Silicon Valley Bank
Jun 22 - 3D Systems Calls for Redemption of Convertible Debentures
Jun 21 - 3D Systems Announces Private Placement of Common Stock
Jun 06 - 3D Systems Selects Canon to Manufacture V-Flash Desktop...
Jun 5 - 3D Systems Fixes NASDAQ Deficiency
May 31 - National RP 3D Systems Service Provider
May 31 - 3D Systems Q1 Revenue Up 9.8% to $37M but Loses $3M
May 22 - 3D Systems Receives NASDAQ Delisting Notice
May 14 - 3D Systems Delays Filing, Q1 Loss May Exceed $2M
May 7 - 3D Systems Cures NASDAQ Deficiency
May 2 - 3D Systems FY06 Revenue Down to $134.8M, Q4 Down to...
May 1 - 3D Systems Launches InVision XT 3-D Modeler at RAPID
Apr 20 - 3D Systems Appoints Damon Gregoire as VP, CFO
Apr 18 - 3D Systems to Hold Investor Day on May 1 in Detroit
Apr 09 - 3D Systems Receives NASDAQ Delisting Notice
Mar 28 - 3D Systems to Offer Fractional Ownership of RP Systems
Mar 19 - 3D Systems Introduces Accura 55 Plastic for SLA Systems
Mar 16 - Tangible Express Purchases 10 3D Systems SLA, SLS Systems
Feb 16 - 3D Systems Continues to be Listed on NASDAQ
Feb 15 - 3D Systems CFO Fred Jones to Retire
Feb 7 - 3D Systems Plans 1st User Meeting in September
Feb 5 - 3D Systems Q3 Revenue Down 2% to $31.5M, Net Loss of...
Jan 18 - 3D Systems Opens Global Headquarters at Rock Hill, SC
Jan 18 - 3D Systems to Hold Conference Call on Investor Day
Source: Material used in press releases is often supplied by external
sources and used as is.
|
