Novatel Wireless Requests Extension from Nasdaq to File First Quarter Form 10-Q
October 20, 2008
SAN DIEGO, Oct 20, 2008 (BUSINESS WIRE) -- Novatel Wireless, Inc. (NASDAQ:NVTL), a leading provider of wireless broadband access solutions, today announced that it has requested that the NASDAQ Listing Qualifications Panel (the "Panel") extend the date by which the Company must file its Form 10-Q for the quarter ended March 31, 2008, through November 17, 2008, and continue the listing of the Company's securities on The NASDAQ Global Select Market pending the Company's return to compliance with NASDAQ's filing requirement.
As disclosed by press release dated August 7, 2008 and in accordance with the terms of the Panel's earlier decision, the Company was required to file the Form 10-Q for the quarter ended March 31, 2008 with the Securities and Exchange Commission by October 17, 2008. The Company's securities will remain listed on The NASDAQ Global Select Market pending consideration of the Company's request by the Panel.
About Novatel Wireless
Novatel Wireless, Inc. is revolutionizing wireless communications. The Company is a leader in the design and development of innovative wireless broadband access solutions based on 3G WCDMA (HSDPA & UMTS), CDMA and GSM technologies. Novatel Wireless' Merlin (TM) PC Cards and ExpressCards, Expedite(R) Embedded Modules, MobiLink (TM) Communications Software Suite, Ovation (TM) Fixed Mobile Convergence Products and Conversa (TM) Software Suite enable high-speed wireless Internet access. The company delivers innovative 3G solutions to operators, distributors and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit www.novatelwireless.com.
Forward Looking Statements
Statements made in this release that are not historical facts, including statements accompanied by words such as "will," "believe" or similar words, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's plans and performance. These forward-looking statements involve risks and uncertainties and the Company cautions you not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those expressed or implied in the forward-looking statements contained herein, including the factors set forth in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov), including its Annual Report on Form 10-K for the year ended December 31, 2007, and other regulatory agencies. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
(C)2008 Novatel Wireless. All rights reserved. The Novatel Wireless logo, Merlin, Expedite, MobiLink, Ovation and Conversa are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.
SOURCE: Novatel Wireless, Inc.
Novatel Wireless, Inc. Julie Cunningham, 858-431-3711 Vice President, IR & Communications [email protected] or The Blueshirt Group Mike Bishop, 415-217-4968 [email protected]
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