HIALEAH, FL  -- The Nasdaq Listing Qualifications Panel has found electronics contract manufacturer Simclar Inc. in compliance with all applicable listing standards and listing of the company's shares on the Nasdaq exchange will continue.

In August Nasdaq had issued a delisting warning for Simclar's failure to file on time its second quarter 10-Q report. The delay in filing the report resulted from a review of accounting errors discovered by the company at its Brownsville, TX, and Matamoros, Mexico, facilities.

Simclar filed its second quarter report on Oct. 27, along with an amended 2005 10-K and amended 10-Q for the first quarter of 2006, both of which restated financial statements for to correct accounting errors at Simclar (Mexico) Inc.

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