247 0 Kommentare Dynamic Materials Comments on Delay in Issuing Fourth Quarter and Year-End Earnings Release; New Earnings Release and Conference Call Date Set for March 16, 2014 - Seite 2

The Company's chief executive officer and chief financial officer, in consultation with the audit committee, concluded that a material weakness in the Company's internal control over financial reporting existed as of December 31, 2014, and as of the end of each of the periods reported in the relevant financial statements. The Company's evaluation of the effectiveness of its internal control over financial reporting will be included with the Company's 2014 annual report on Form 10-K. In consultation with the Audit Committee and its counsel, the Company intends to enhance its procedures and controls based on information identified during the Audit Committee's review and the restatement process.

Conference Call Information
The Company will announce its fourth quarter and full-year financial results after the stock market closes on Monday, March 16, 2015. Following the earnings release, management will host a conference call and simultaneous webcast.

The conference call will begin at 5 p.m. Eastern (3 p.m. Mountain) and will be accessible by dialing
877-407-0778 (201-689-8565 for international callers). No passcode is necessary. A telephonic replay will be available through March 23, 2015, by calling 877-660-6853 (201-612-7415 for international callers) and entering the Conference ID #13601073.

Investors are invited to listen to the webcast live via the Internet at:
http://www.investorcalendar.com/IC/CEPage.asp?ID=173635

The webcast also will be available on the Investor page of DMC's website, located at:
www.dmcglobal.com/investors.

About DMC
Based in Boulder, Colorado, DMC operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC's NobelClad business, the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company's website at: http://www.dmcglobal.com.

Safe Harbor Language
Except for the factual information contained herein, this news release contains forward-looking statements regarding the Company's expectations about the effect of the correction on the Company's net income for the years ended December 31, 2013, and 2012, and the timing of the filing of the Company's Form 10-K for the year-ended December 31, 2014. The Company is still in the process of finalizing the corrections described above and preparing restated financial statements, which then must be audited. If the Company determines further corrections are required to its 2013 and 2012 financial statements, the estimated decrease to the Company's net income may change. Similarly, the actual timing of the filing of the Form 10-K for the year ended December 31, 2014, including the restated financial statements contained therein, depends on the timely completion by the Company of the corrections and the Company's independent accountant's completion of its audit of the corrected financial statements.