This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Volt Information Sciences Provides Update On Fiscal 2009 And 2010 Business Performance And Status Of Financial Filings

Volt Information Sciences, Inc. (NYSE: VOL) today provided a business update and reported selected unaudited financial information for its fiscal years 2009 and 2010. The Company noted that, due to a previously announced accounting review, all numbers presented in this release are estimates.

The Company also reported that yesterday it had filed a notification with the Securities and Exchange Commission that it would not file its Annual Report on Form 10-K for the year ended October 31, 2010 by its extended February 1, 2011 due date. As a result the Company has notified the New York Stock Exchange that it will not meet the NYSE deadline of February 1, 2011 for filing with the SEC the Company’s 10-K Report for the year ended November 1, 2009. Given the notification of this further filing delay, the Company expects the New York Stock Exchange to initiate suspension and delisting procedures, with Volt shares subsequently being quoted on the over-the-counter market (see below for further detail). The Company intends to seek relisting after all its SEC filings are current.

Steven Shaw, Volt’s President and Chief Executive Officer, said, “Our business remains operationally and financially strong. We recently had one of our best growth quarters in our staffing business, and I am very pleased with the direction of the trends in that segment. We remain committed to delivering high-quality services throughout the Company and to investing and expanding our offerings, and are making significant strides with our business improvement initiatives.”

Mr. Shaw continued, “While we are disappointed that our accounting review is not yet complete, we are making progress and are working to complete the process. I remain excited about the business opportunities in front of us and am confident that our ability to provide integrated global product and service offerings that combine our talent, technology and consulting services uniquely positions us to meet our clients’ needs as we have done for over 60 years.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs