PAOLA, Kan., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Team Financial, Inc. (Nasdaq:TFIN) today announced that it received a Nasdaq Staff Deficiency Letter on November 20, 2008 indicating that the Company fails to comply with the reporting requirements for continued listing set forth in Marketplace Rule 4310(c)(14) as a result of not filing the Company's periodic report on Form 10-Q timely. The Company expects to file the 10-Q in the near future.
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FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties that could cause actual results to differ materially from historical income and those presently anticipated or projected. The Company cautions readers not to place undue reliance on any such forward looking statements, which speak only as of the date of this release. Such risks and uncertainties include those detailed in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K/A for the fiscal year ended December 31, 2007 and its Form 10-Q for the quarter ended March 31, 2008, risks of adverse changes in results of operations, risks related to the Company's expansion strategies, risks relating to loans and investments, including the effect of the change of the economic conditions in areas the Company's borrowers are located, risks associated with the adverse effects of governmental regulation, changes in regulatory oversight, interest rates, and competition for the Company's customers by other providers of financial services, all of which are difficult to predict and many of which are beyond the control of the Company.