To: Sir Auric Goldfinger who wrote (11586 ) 5/2/2003 4:00:06 PM From: Kevin Podsiadlik Respond to of 19428 CyberCare may fold, can't afford annual report Robin Londner 4/29/03 Boynton Beach-based CyberCare (OTC BB: CYBRE) said it is unable to file an annual report and may go out of business. The health care management firm said it did not file the report due to its financial difficulties. "In addition, the company is currently in discussions with third parties with respect to the possible sale of all or a portion of the remaining segments of the business," CyberCare said, adding, as it struggles with costs and fees: "The continued operation of the company's business is uncertain." CyberCare said because it has not filed an annual report for the year ended Dec. 31, the National Association of Securities Dealers has affixed an "E" to the company's trading symbol. The company's independent certified accountants resigned in December, CyberCare said, but have refused to turn over any work papers relating to the company's financials for the year ending Dec. 31, 2002, and prior periods without payment of substantial fees which the company said it cannot afford. CyberCare said it is unable to pay its new independent certified accountants. Due to losses and a lack of sufficient working capital, the company said it has ceased operations at its Physical Therapy and Rehabilitation subsidiary and has substantially reduced operations at its pharmacy division, which CyberCare said continues to operate at a loss. The company said it continues to try to sell products from its technology division, intends to concentrate on collecting accounts receivable and on selling certain assets. The trading symbol change is the latest in a series of market changes for the company. CyberCare moved from the Nasdaq to the Nasdaq SmallCap in June, when the market gave the company a 180 calendar-day grace period to reach the minimum $1 price per share requirement. In November, Nasdaq delisted CyberCare. Shares closed unchanged at a penny, equal to the 52-week low set April 25. The 52-week high was 30 cents on May 20 © 2003 American City Business Journals Inc. Web reprint information (courtesy Truthseeker)