STAMFORD, Conn., May 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- NYFIX, Inc. (Nasdaq: NYFXE), a leader in technology solutions for the financial marketplace, today announced that it will delay the filing of its first quarter 2005 report on Form 10-Q for the quarter ended March 31, 2005 currently due May 10, 2005. As previously announced by the Company, the delay is a result of its expectation to restate its audited financial statements after a review of previously issued stock options. The Company is in the process of restating its audited financials for the years ended December 31, 2003 and 2002 included in its 2004 Annual Report on Form 10-K and is evaluating whether it needs to restate its unaudited results for the first three quarters of 2004. Inasmuch as the adjustments primarily relate to non-cash items, the resulting restatement will have no material effect on the Company's current cash position or cash flows from operations.
The Company intends to exercise its best efforts to resolve the outstanding items and file its first quarter 2005 Report on Form 10-Q as soon as possible.