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Filing Regulations Force Orchid to Delays Q4 and 2005 Reports

NEW YORK, March 30 (GenomeWeb News) - Orchid Cellmark will delay the filing of its fourth-quarter and full-year 2005 earnings reports with the US Securities and Exchange commission due to audit requirements associated with the Sarbanes-Oxley Act of 2002.


Orchid originally planned to issue financial results on March 30, and the firm intends to announce a new date "as soon as possible," according to the statement.


The legislation, which opponents call costly and complex, has caused several small publicly traded companies to delay their recent filings, though the SEC has generally allowed this. Supporters say it can protect investors and employees from corporate fraud.

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