USCP is making progress in addressing another 13 recommendations related to training, policies, procedures, and internal controls, but did not make progress
toward addressing ongoing staff shortages and work imbalances.
Duff was unable to train yesterday,but the knee has improved since Sunday and if he continues to make progress
he will have a chance of making the Group 10 qualifier.
If AMEX does not accept the Company's plan or if the Company does not make progress
consistent with the plan during the plan period or if the Company is not in compliance with the continued listing standards at the end of the plan period, AMEX may then initiate delisting proceedings.
If AMEX accepts our plan, we may be able to continue our listing during the plan period provided that we make progress
consistent with our plan and comply with other applicable AMEX listing qualifications.
If AMEX does not accept our plan, we do not submit a plan, we fail to make progress
consistent with our plan, or we are not in compliance by the end of the 18 month period, AMEX may initiate delisting proceedings with respect to our Common Stock.
With Premier's leadership in promoting the use of diverse suppliers, we felt that Gleatha could bring valuable ideas and insights to our members on ways to make progress
in this important market.
The relisting of our stock on The NASDAQ National Market will represent another important milestone as we continue to make progress
towards returning i2 to profitability," said i2 Chief Executive Officer Michael McGrath.
Failure to make progress
consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the American Stock Exchange.
We continue to make progress
in updating and codifying our policies, procedures and practices.