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SAN JOSE, Calif. -- Bell Microproducts Inc. (NasdaqGM:BELM - News), one of the world's largest value-added distributors of storage and computing technology, today announced preliminary revenue for the quarter and year ended December 31, 2007. Revenue for the Company's fourth quarter was in a range of $1.08 billion to $1.1 billion, an increase of approximately 8% to 10% from revenue for the comparable quarter of 2006. Revenue for the full year was approximately $4.05 billion, an increase of 19% over 2006. Without revenue generated from ProSys Information Systems, a company acquired in the fourth quarter of 2006, annual revenue increased by approximately 9% on a year-over-year basis.
In a separate release:
SAN JOSE, Calif. -- Bell Microproducts Inc. (NasdaqGM:BELM - News) today announced that, as expected, it has received an additional staff determination notice from the Nasdaq Stock Market, stating that it is not in compliance with the requirements for continued listing pursuant to Nasdaq Marketplace Rules 4350(e) and 4350(g) because the Company did not hold an annual meeting of its shareholders within one year after the end of its 2006 fiscal year nor did the Company solicit proxies and provide proxy statements. This staff determination notice serves as an additional basis for delisting the Company's common stock from trading on NASDAQ. As a result, the Company's securities remain subject to delisting from trading on the Nasdaq Global Market.
The Company continues to work diligently to complete its financial restatements in order to comply with its SEC filing requirements.
In a separate release:
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