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Non-Tech : Gaming Partners International (GPIC)
GPIC 13.75+0.1%May 1 4:00 PM EDT
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From: Glenn Petersen3/28/2007 2:10:38 PM
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GPIC is getting pounded today. They have requested an extension for the filing of their 10-K after identifying some accounting control problems.

Gaming Partners International Files Extension for Annual Report

Wednesday March 28, 8:40 am ET

LAS VEGAS, March 28 /PRNewswire-FirstCall/ -- Gaming Partners International Corporation (Nasdaq: GPIC - News; GPI), the gaming industry's leading manufacturer and supplier of casino currency and other table game supplies, announced today that the Company has filed for an extension with the Securities and Exchange Commission to file its Annual Report on Form 10-K for the year ended December 31, 2006. The Company will make every effort to file its Form 10-K within the 15-day extension permitted under Rule 12b-25.

The Company noted that the delay in filing its Form 10-K is due primarily to certain deficiencies in the Company's accounting control procedures that were identified in the course of the preparation of its year end financial statements. The Company expects to identify certain of these deficiencies as material weaknesses which will be reported in its Form 10-K. The Company is working to resolve and remedy these weaknesses. The Company also wishes to ensure that its new auditors and new CFO, both of whom were engaged during the second half of 2006, have adequate time to complete their work.

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biz.yahoo.com
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