LCC International Receives Stay from the NASDAQ Board of Directors
For Immediate Release
February 20, 2008
MCLEAN, Va.--(BUSINESS WIRE)--Feb. 20, 2008--LCC International,
Inc. (NASDAQ: LCCI) today announced that on February 14th 2008, the
Company received notice that the Board of Directors of the NASDAQ
Stock Market LLC (the "Nasdaq Board"), pursuant to its discretionary
authority under Marketplace Rule 4809, had called for review of the
December 19, 2007 decision of the Nasdaq Listing and Hearing Review
Council regarding the Company, which provided a filing deadline of
February 19, 2008. The Nasdaq Board also determined to stay the
decision to suspend the Company's securities from trading, pending
further consideration by the Nasdaq Board. This action extended the
Feb. 19, 2008 filing deadline.
The Company is working diligently on completion of its filings of
Form 10-Q for the fiscal quarters ending March 30, 2007, June 30, 2007
and September 30, 2007, as well as its Form 8K/A providing pro forma
financial information for its June, 2007 acquisition of the U.S.
engineering business from Wireless Facilities Inc. The Company expects
to file these reports shortly.
About LCC International, Inc.
LCC International is the recognized leader in providing wireless
voice and data turn-key services to the telecommunications industry.
The Company's service offering includes network services, business
consulting, tools-based solutions; and training through its
world-renowned Wireless Institute. The Company has worked with all
major access technologies (including UMTS, EV-DO, HSDPA and WiMAX) and
has participated in the success of some of the most sophisticated
wireless systems in the world. LCC is unique in its ability to provide
comprehensive turnkey services to wireless operators around the world.
The Company brings local knowledge and global capabilities to its
customers, offering innovative solutions, insight into cutting-edge
developments and delivering solutions that increase business
efficiencies. News and additional information are available at
www.lcc.com
Cautionary Note regarding forward-looking statements under the
Private Securities Litigation Reform Act of 1995:
Information in this release regarding LCC's expectations, beliefs,
and intentions are forward-looking statements that involve risks and
uncertainties. All forward-looking statements included in this release
are based upon information available to LCC as of the date of this
release, which may change, and LCC assumes no obligation to update any
such forward-looking statement. These statements are not guarantees.
Factors that could cause or contribute to differences from such
expectations include, but are not limited to risks associated with
international operations, challenges and costs arising from
integration of new operations and other factors that may affect our
business are discussed in LCC's filings with the Securities and
Exchange Commission, including our most recent annual report on Form
10-K and our quarterly reports on Form 10-Q.
CONTACT: LCC International, Inc.
Nancy Feeney
Director of Marketing Communications and
External Relations
+1 703-873-2077
Nancy_feeney@lcc.com
SOURCE: LCC International, Inc.
