Design Within Reach gets Nasdaq notice |
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Tue, 27 Mar 2007 18:12
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SAN FRANCISCO (AP) - Design Within Reach Inc., a provider of modern design furnishings and accessories, said Tuesday its shares are subject to delisting from the Nasdaq Stock Market, due to delays in filing its annual 10-K financial report.The company said it filed with the Securities and Exchange Commission on March 16, saying it doesn't expect to file its annual report for 2006 on time. The company said in its SEC filing that it is completing the audit of its financial statements, as it looks at previously disclosed weaknesses in internal controls over financial reporting.Design Within Reach said it plans to appeal the Nasdaq staff determination, which will delay a delisting.Shares rose 7 cents to $5.59 in afternoon trading on the Nasdaq.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Design Within Reach gets extension 