LAS VEGAS, Jan. 24, 2020 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, previously announced that it was delaying the filing of its Annual Report on Form 10-K for the year ended September 30, 2019 to allow the company additional time to finalize its financial statements to be filed as part of the Form 10-K.
In connection with the delayed Form 10-K, on January 17, 2020, Live Ventures received a standard notice from NASDAQ stating that the company is not in compliance with NASDAQ Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. The Nasdaq notice has no immediate effect on the listing or trading of Live Ventures’ common stock on the Nasdaq Capital Market. Under Nasdaq’s listing rules, Live Ventures has 60 calendar days from the date of the letter to submit a plan to regain compliance. If the plan is accepted, Live Ventures can be granted an exception of up to 180 calendar days from the Form 10-K’s original due date, or until July 13, 2020, to regain compliance. Live Ventures expects to submit a plan to regain compliance or file its Form 10-K within the timeline prescribed by Nasdaq.About Live Ventures
Live Ventures Incorporated, originally incorporated in 1968, is a diversified holding company with a strategic focus on acquiring profitable companies that have demonstrated a strong history of earnings power. Through its subsidiary Marquis Industries, the company manufactures and sells residential and commercial carpets primarily in North America. Marquis Industries also designs, sources and sells hard-surface flooring. Through its subsidiary Vintage Stock, an award-winning entertainment retailer, the company sells new and pre-owned movies, classic and current generation video games and systems, music on CD & LP, collectible comics, books, toys, and more. Vintage Stock, through its stores and website, ships product worldwide directly to the customer’s doorstep. Through its subsidiary ApplianceSmart, the company sells new major household appliances in the United States through a chain of company-owned retail stores operating under the name ApplianceSmart®.Forward-Looking and Cautionary StatementsContact:
Live Ventures Incorporated
Tim Matula, Investor Relations
(425) 836-9035
tmatula@liveventures.com
http://www.liveventures.com
Source: Live Ventures Incorporated
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