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[Zephyr]

One to watch imho...LQMT....I've been holding it since it dipped....avg. .75...here's their news from this morning...... - Liquidmetal Technologies Expects to Complete External Audits and Become Current in SEC Filings by End of September

August 11, 2004 08:48:00 (ET)


LAKE FOREST, Calif., Aug 11, 2004 (BUSINESS WIRE) -- Liquidmetal Technologies, Inc. (Pink Sheets:LQMT) reported in a Form 12b-25 filing with the SEC that it did not file its report on Form 10-Q for the quarter ended June 30, 2004 within the required 40 day reporting period as a result of the ongoing audits and expected restatement of the company's consolidated financial results for certain prior reporting periods. Liquidmetal and Stonefield Josephson Inc. ("Stonefield"), the company's independent auditor, currently expect to complete the audits and SEC filings for all reporting periods under review, including the results for the first and second quarters of 2004, by the end of September 2004.

As previously disclosed, Stonefield was engaged as Liquidmetal's new independent auditor on May 21, 2004. Stonefield is currently conducting a full audit of the company's consolidated financial statements for the three years ended December 31, 2001, 2002, and 2003, as well as reviews of the company's consolidated financial statements for the quarters ended March 31 and June 30, 2004. Given the time-consuming nature of comprehensively auditing three years of consolidated financial statements and reviewing two quarters of financial statements in 2004, Liquidmetal has not yet filed its Form 10-K for the year ended December 31, 2003 or its Forms 10-Q for the quarters ended March 31 and June 30, 2004.

About Liquidmetal Technologies, Inc.