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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Majesco's Rollercoaster Continues, Financial Trouble Looms

by Rainier on Feb. 6, 2007 @ 5:27 a.m. PST

Majesco announced today that its financial statements for the fiscal year ended October 31, 2006 contain a going concern modification from its accounting firm, a legal term for "financial trouble."

As noted in the Company's Report on Form 10-K filed on January 29, 2006, and as required under applicable NASDAQ rules, the Company notes that its financial statements for the fiscal year ended October 31, 2006 contain a going concern modification from its independent accounting firm, Goldstein Golub Kessler LLP.

Further information regarding the going concern modification can be found in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 29, 2006.

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