NEWTON, Mass.--(BUSINESS WIRE)--Matritech, Inc. (Amex: MZT), in compliance with the provisions of section 610(b) of the American Stock Exchange’s Company Guide, today announced that its independent registered public accounting firm included a going concern qualification in its report on Matritech’s consolidated financial statements for the fiscal year ended December 31, 2006. The qualification was included in the opinion as a result of the Company’s recurring losses from operations and negative cash flows. On December 8, 2006, the American Stock Exchange approved the Company’s plan to regain compliance with continued listing standards. The Company does not expect that this qualified opinion will change its program to meet Amex continued listing standards. For more information, please see Matritech’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2007.
