Wireless Facilities Provides Update on Filing of Second Quarter 10-Q and Restated Financials
Wireless Facilities Provides Update on Filing of Second Quarter 10-Q and Restated Financials
September 13, 2004 at 12:00 AM EDT
Wireless Facilities Provides Update on Filing of Second Quarter 10-Q and Restated FinancialsSAN DIEGO, Sept. 13 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII (WFIIE)) today announced that it has not yet completed the process of restating the Company's financial statements or compiling its Form 10-Q for the second quarter of 2004. The Company's financial restatement process has taken longer than expected due to the complexities of compiling and auditing information needed to record the identified adjustments primarily related to the years 1999 and 2000. The Company is working to complete the process as quickly as possible and believes the process will be completed shortly at which time the restated financials and Form 10-Q for the second quarter of 2004 will be filed.
About Wireless Facilities, Inc.
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company's expectations regarding the timing of the Company's restated financial statements. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ materially include, but are not limited to: risks that the Nasdaq will not act promptly in response to the Company's request; risks that the review of prior year financial statements will result in adjustments, which may be material, that the Company does not currently anticipate and risks that the filing of the restated financial statements may not completed in accordance with our expectations as to timing. A complete description of the Company's risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.
For more information, please contact: Rochelle Bold, Senior VP of Corporate Development and Investor Relations of Wireless Facilities, Inc., +1-858-228-2649, rochelle.bold@wfinet.com.
CONTACT: Rochelle Bold, Senior VP of Corporate Development and Investor Relations of Wireless Facilities, Inc., +1-858-228-2649, rochelle.bold@wfinet.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Wireless Facilities, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
About Wireless Facilities, Inc.
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company's expectations regarding the timing of the Company's restated financial statements. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ materially include, but are not limited to: risks that the Nasdaq will not act promptly in response to the Company's request; risks that the review of prior year financial statements will result in adjustments, which may be material, that the Company does not currently anticipate and risks that the filing of the restated financial statements may not completed in accordance with our expectations as to timing. A complete description of the Company's risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.
For more information, please contact: Rochelle Bold, Senior VP of Corporate Development and Investor Relations of Wireless Facilities, Inc., +1-858-228-2649, rochelle.bold@wfinet.com.
CONTACT: Rochelle Bold, Senior VP of Corporate Development and Investor Relations of Wireless Facilities, Inc., +1-858-228-2649, rochelle.bold@wfinet.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Wireless Facilities, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.