eLinear Inc fka ELU

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eLinear, Inc. Announces Extension in Filing Its Form 10-KSB for the Year Ended December 31, 2005
Monday April 3, 4:31 pm ET


HOUSTON--(BUSINESS WIRE)--April 3, 2006--eLinear, Inc. (AMEX:ELU - News) announced today that it has filed a request with the Securities and Exchange Commission for a 15-day extension to file its annual report on Form 10-KSB for the year ended December 31, 2005.
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The filing is being delayed while the company applies accounting adjustments to the quarter ended December 31, 2005, which has resulted from recent restatements of its previously filed Form 10-KSB for the year ended December 31, 2004 and its Forms 10-QSB for the quarters ended March 31, 2005 and 2004, June 30, 2005 and 2004 and September 30, 2004. The company has begun filing all of its amended filings requested by the SEC staff on April 3, 2006, to ensure compliance with the AMEX listing requirements. The restatements were required by the new SEC position that requires application of EITF 00-19 and SFAS 133 to certain convertible warrants and debentures issued over the last two years.

The Company expects to file its Form 10-KSB for the year ended December 31, 2005, no later than the end of the 15-day extension. Filings completed in this manner are considered to be timely filed by the American Stock Exchange and the Securities Exchange Commission.

About eLinear, Inc.

eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint and has its headquarters in Houston, Texas. For more information, see http://www.elinear.com.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to realize the projected revenues from the newly announced project orders and the future strength of the company's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about eLinear please visit www.elinear.com or www.sec.gov. eLinear undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.



Contact:
Mirador Consulting, Inc.
Frank Benedetto, 877-MIRADOR
Fax: [phone]
[e-mail]
or
eLinear Solutions, Houston
Phillip M. Hardy, 713-896-0500
[e-mail]

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Source: eLinear, Inc.