WARSAW, Ind., April 14 /PRNewswire-FirstCall/ -- Symmetry Medical Inc. (NYSE: SMA), a leading independent provider of products to the global orthopedic device industry and other medical markets, today announced that the filing of its 2007 Annual Report on Form 10-K with the Securities and Exchange Commission will be delayed beyond its previously announced April 14, 2008 target. The filing is now in the final stages and the work is substantially completed. The Company said the focus is now on formatting the data, completing the financial statements and preparing the filings.
Symmetry has informed its lead bank of the filing timing change and expects to continue discussions with the bank over the next few days as the filings are finalized.
Brian Moore, President and Chief Executive Officer, said, "We are working diligently with our outside auditing team to file our 2007 Form 10-K as soon as possible. This has been an extremely challenging and time consuming process for management and the audit committee. We believe we are coming to the finalization of the process. Meanwhile, the Company's business continues strong in an orthopedic environment that we believe will result in a robust year for Symmetry's business."
About Symmetry Medical Inc.
Symmetry Medical Inc. is a leading independent provider of implants and related instruments and cases to the orthopedic device industry. The Company also designs, develops and produces these products for companies in other segments of the medical device market, including arthroscopy, dental, laparoscopy, osteobiologic and endoscopy sectors and provides limited specialized products and services to non-healthcare markets, such as the aerospace market.
|SOURCE Symmetry Medical Inc.|
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