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Fuel Systems gets Nasdaq warning


Published : Thu, 22 Mar 2007 23:22
By : Agencies
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SANTA ANA, Calif. (AP) - Fuel Systems Solutions Inc., which makes products that let internal combustion engines run on natural gas, said Thursday it received a warning from the Nadsaq Stock Market that it has not filed its fiscal 2006 financials and is subject to delisting.

Fuel Systems said it has requested a hearing with Nasdaq to review the determination, and try to prevent the delisting of its stock.

The filing is late due to an ongoing investigation of the companies past stock-option grants.

Shares added 57 cents, or 3.3 percent, to close at $18.06 on the Nasdaq. The stock has ranged from $9.96 to $25.11 over the past year.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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