Full Press Release Details
| News Release | Contact: Bruce Russell |
| Russell Communications Group | |
| brucerussell@ruscom.com |
Cyanotech Continues Delay of First Quarter Fiscal
2007 Financial Results
KAILUA KONA, Hawaii (August 21, 2006) Cyanotech
Corporation (Nasdaq Capital Market: CYAN) announced it will not meet today s
deadline for filing with the Securities and Exchange Commission its Form 10-Q
Report for its fiscal 2007 first quarter ended June 30, 2006. The Company had requested an extension of the
time to file the Report after identifying an accounting matter that required
resolution before filing. The accounting
review is continuing due to the technical nature of the previously announced
accounting matter related to the Company s historical treatment of certain
inventory related costs.
Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995
statements of historical fact, the statements in this news release are
forward-looking. Such statements are
subject to a number of risks and uncertainties that could cause actual results
to differ materially from the statements made.
These factors include, but are not limited to, general economic
conditions, forecasts of sales in future periods, changes in sales levels to
our largest customers, weather patterns, production problems caused by
contamination, risks associated with the acceptance of new products,
competition, foreign exchange fluctuations, government regulation, and other
factors more fully detailed in the Company s recent Form 10-Q and annual form
10-K filings with the Securities and Exchange Commission.
Kaahumanu Highway, #102 ~ Kailua-Kona, Hawaii 96740
fax (808) 329-3597 ~