OD2 owner Loudeye will announce its second quarter 2005 financial results on August 9.

The company provides music catalogue and digital warehousing services to a plethora of digital music download sites across the world.

In June 2004, Loudeye acquired OD2 for $38.6 million in cash and stock.

Nasdaq threat poses investor peril

The company employs Windows Media in order to furnish its services, but has seen the value of its shares decline to less than $1 per share.

Nasdaq rules require company stock to be valued at $1 or more, or stocks face de-listing from that share index. On July 11, Nasdaq issued notice against Loudeye, warning the company that it had to raise its share value to $1 or more for ten consecutive days (within 180-days of July 11), or be de-listed.

Discussing its results, Loudeye will host an audio Webcast with Mike Brochu, president and CEO, and Ron Stevens, chief financial officer and chief operating officer.

The announcement begins at 2pm PST (10pm, UK time).