(Online Dating Industry Journal) CGI Holding Corporation, d/b/a Think Partnership Inc. today announced that on January 27, 2006, the Company received a letter from the American Stock Exchange (AMEX)advising the Company that, because the Company did not distribute an annual report to its shareholders for the year ended December 31, 2004, and did not hold an annual meeting of its shareholders for that year, the Company failed to comply with: (1) Section 610 of the AMEX Company Guide which requires a listed company to submit to its shareholders a copy of its annual report no later than four months after the close of the last preceding fiscal year; and (2) Section 704 of the Company Guide which requires a listed company to hold meetings of its stockholders annually to elect directors and to take action on other corporate matters.
In the letter, the AMEX advised the Company that it must comply with these requirements no later than March 31, 2006. The AMEX has also required the Company to notify its shareholders in writing that it has delayed its annual meeting of shareholders explaining the reasons for the delay.
According to Think Partnership, in May of 2005, the staff of the Securities and Exchange Commission notified the Company that its audited consolidated financial statements for the year ended December 31, 2004 were being reviewed. Because these financial statements must be included in the 2004 annual report accompanying the Company's proxy statement for its 2005 annual meeting, the Company delayed holding its meeting until the review was complete. On December 30, 2005, as a result of this review, the Company restated the financial statements that are to be included in the 2004 annual report, and, based on oral comments received from the staff, restated the financial statements again on January 31, 2006.
Think Partnership currently has 12 operating companies including online dating service Cherish.com.
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