Dresser seeks extension of financial delivery deadline from loan group

By Sara Rosenberg

New York, April 5 - Dresser Inc. is now seeking an extension from loan lenders of its financial statement delivery deadline to Sept. 30, according to a company news release.

Financial statements covered under the requested extension include those for the fiscal year ended Dec. 31, and unaudited statements for the fiscal quarters ended March 31 and June 30.

The company said the delay was necessary in order to address certain accounting issues, including the need for accounting and auditing procedures related to a foreign joint venture.

Dresser is a Dallas-based designer, manufacturer and marketer of equipment and services sold primarily to customers in the flow control, measurement systems and compression and power systems segments of the energy industry.

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