TROY, Mich., Nov. 26 /PRNewswire-FirstCall/ -- Noble International, Ltd. today announced that in connection with the resignation of Philippe Landron from its Board of Directors, the Company received a Nasdaq Staff Deficiency Letter dated November 26, 2008 indicating that the Company was no longer compliant with the audit committee composition and independent director requirements, respectively, set forth in Marketplace Rule 4350. Nasdaq's letter provided that, consistent with Marketplace Rules 4350(c)(1) and 4350(d)(4), the Company has a cure period to regain compliance extending until the earlier of the Company's next annual shareholders' meeting or November 21, 2009; or if the next annual shareholders' meeting is held before May 20, 2009, then on or before such date. The Company intends to cure such deficiency within the prescribed cure period.
SAFE HARBOR STATEMENT
Certain statements made by Noble International, Ltd. in this and other periodic oral and written statements and presentations, including filings with the Securities and Exchange Commission, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward- looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all of the risks, include our ability to obtain future sales; our ability to successfully integrate acquisitions; changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors; costs related to legal and administrative matters; our ability to realize cost savings expected to offset price concessions; inefficiencies related to production and product launches that are greater than anticipated; changes in technology and technological risks; increased fuel costs; work stoppages and strikes at our facilities and that of our customers; the presence of downturns in customer markets where the Company's goods and services are sold; financial and business downturns of our customers or vendors; and other factors, uncertainties, challenges, and risks detailed in Noble's public filings with the Securities and Exchange Commission. Noble does not intend or undertake any obligation to update any forward-looking statements.
