This excerpt taken from the SLTC 8-K filed May 26, 2009.
Section 2 Financial Information
The Companys Disclosure in Section 2.02 of this Report is hereby incorporated by reference to the extent it impacts the nature and amount of consideration received for the assets.
On May 20, 2009, Selectica, Inc. (the Company) issued a press release announcing that it will delay the announcement of its earnings and other financial results for its fourth quarter ended March 31, 2009, originally scheduled for May 21, 2009, to enable the company to complete review of the accounting treatment related to the sale of its Indian subsidiary, Selectica India Pvt. Ltd., announced on April 6, 2009. Investors should no longer rely on the Companys statements made on April 6, 2009 and the Companys Current Report on Form 8-K filed on April 7, 2009, regarding the accounting for that transaction. The Company anticipates holding a conference call and releasing results in early June 2009, subject to completion of the year-end financial results.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.