JDA Software Receives NASDAQ Notice of Non-Compliance with Listing Rules
May 17 2012 - 7:00PM
Business Wire
JDA®
Software Group, Inc. (NASDAQ: JDAS),
The Supply Chain Company®, announced that on May 15, 2012, it
received a letter from the NASDAQ staff notifying the Company that
it continues to be non-compliant with NASDAQ Listing
Rule 5250(c)(1) because it has not yet filed its Quarterly
Report on Form 10-Q for the period ended March 31, 2012, or its
Annual Report on Form 10-K for the period ended December 31, 2011,
with the Securities and Exchange Commission (“SEC”). NASDAQ
Listing Rule 5250(c)(1) requires the Company to timely file all
required periodic financial reports with the SEC. The Company is
required to submit an updated plan of compliance to NASDAQ by May
30, 2012. If NASDAQ accepts the Company’s plan, an additional cure
period of up to 180 calendar days from the Form 10-K’s original due
date, or until August 28, 2012, can be provided to allow the
Company to regain compliance.
The Company is making this disclosure in compliance with NASDAQ
Listing Rule 5810(b).
About JDA Software Group
JDA®
Software Group, Inc. (NASDAQ: JDAS),
The Supply Chain Company®, is the leading provider of innovative
supply chain management, merchandising and pricing excellence
solutions worldwide. JDA empowers more than 6,000 companies of all
sizes to make optimal decisions that improve profitability and
achieve real results in the manufacturing, wholesale distribution,
transportation, retail and services industries. With an integrated
solutions offering that spans the entire supply chain from
materials to the consumer, JDA leverages the powerful heritage and
knowledge capital of acquired market leaders, including i2
Technologies®, Manugistics®, E3®, Intactix® and Arthur®. JDA’s
robust services offering, including complete solution lifecycle
management via JDA Cloud Services, provides customers with
leading-edge industry practices and supply chain expertise, lower
total cost of ownership, long-term business value, and 24/7
functional and technical support. To learn more, visit www.jda.com or e-mail info@jda.com.
“Safe Harbor” Statement under the U.S. Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements that are
made in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally accompanied by words such as “will,” and
“expect” and other words with forward-looking connotations.
Information relating to the uncertainty affecting our business is
contained in our filings with the SEC. Actual results may differ
materially from those predicted as a result of these and other
risks, including but not limited to, our ability to timely complete
the restatement of our historical financial results and complete
and file our delinquent Annual Report on Form 10-K for the fiscal
year ended December 31, 2011 and Quarterly Report on Form 10-Q for
the quarterly period ended March 31, 2012, the fact that our
historical financial results are not finalized and are subject to
change, and the outcome of an ongoing SEC inquiry. JDA is not under
any obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements, whether as a result
of new information, future events or otherwise.
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