Flagship Global Health Files Notification of Late Filing on Form 12b-25
NEW YORK, Aug 14, 2008 (BUSINESS WIRE) -- Flagship Global Health, Inc. (OTB: FGHH) today announced that it has filed a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission relating to its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2008. The Company's Quarterly Report on Form 10-Q was due to be filed with the Securities and Exchange Commission on August 14, 2008. The Company stated in its Notification of Late Filing on Form 12b-25 that it could not complete the preparation of its Quarterly Report on Form 10-Q on a timely basis because the Company does not have sufficient financial resources available to enable it to complete the preparation of such Quarterly Report on Form 10-Q. The Company can provide no assurance as to whether or when it will be in a position to file its Quarterly Report on Form 10-Q. As described in the Form 8-K filed by the Company on July 9, 2008, the Company's cash position continues to deteriorate and it may have to cease operations and/or seek protection under the federal bankruptcy laws.
About Flagship Global Health
Flagship is an international membership-based organization dedicated to providing the highest level of healthcare quality for its members, whether they are at home or traveling. Flagship is focused on providing priority appointments to renowned and clinically acclaimed physicians, who are typically difficult to access. Rather than simply providing names, Flagship also offers emergent care needs, a personal electronic internet-based medical record repository and air evacuation to its members, all linked by a sophisticated and proprietary information management system.