SOURCE: Carrier Access

September 02, 2005 17:50 ET

Carrier Access Delays Filing Form 10-Qs for the First and Second Quarters 2005

BOULDER, CO -- (MARKET WIRE) -- September 2, 2005 --Carrier Access Corporation (NASDAQ: CACSE), a manufacturer of broadband communications equipment, today announced that the filing of its quarterly financial results for the quarters ended March 31, 2005 and June 30, 2005, respectively, will be delayed beyond the September 2, 2005 extended filing date. Carrier Access is in the process of diligently completing its quarterly reports on Form 10-Q for the first and second quarters of 2005. Carrier Access expects to file its quarterly report on Form 10-Q for the first and second quarters of 2005 with the SEC on or before September 13, 2005. As a result of the Company's delay in filing its Form 10-Qs for the first and second quarters of 2005, Carrier Access expects to receive notification from NASDAQ that it is not in compliance with the filing requirements for continued listing on NASDAQ and that its securities could be subject to delisting from the NASDAQ National Market. Accordingly, the Company is seeking an exception from the NASDAQ Listing Qualifications Panel for additional time to regain compliance with the NASDAQ listing requirements by filing its quarterly reports for the first and second quarters of 2005 by September 13, 2005. There can be no assurance that the Panel will grant any additional exception or that we will be able to file the first or second quarter 2005 quarterly reports on Form 10-Q by September 13, 2005.

Carrier Access will hold a conference call on Tuesday, September 13, at 6:00 p.m. ET to review first and second quarter results. The call is open to the public. Those who wish to participate should dial 517-319-9291, domestically or internationally, at least fifteen minutes prior to the scheduled start time for the call and reference Carrier Access. Investors may listen to a live audio webcast of the conference call at www.carrieraccess.com.

An online replay of the conference call, as well as the text of the Company's earnings release, will be available on the Investor Relations site at http://www.carrieraccess.com.

About Carrier Access Corporation

Carrier Access (NASDAQ: CACSE) provides consolidated access technology designed to streamline the communication network operations of service providers, enterprises and government agencies. Carrier Access products enable customers to consolidate and upgrade access capacity, and implement converged IP services while lowering costs and accelerating service revenue. Carrier Access' technologies help our customers do more with less. For more information, visit www.carrieraccess.com.

Contact Information

  • Contact:
    Audra Bailey
    (303) 218-5455