NEW YORK (Reuters) – The centrist group No Labels is expected to announce on Friday it will move forward with a presidential bid for November’s U.S. election, but will stop short of naming candidates, two sources familiar with the matter said.

No Labels will not name its presidential and vice presidential picks on Friday, when roughly 800 delegates meet virtually in a private meeting. Instead, the group is expected to roll out a formal selection process next week for potential candidates who would be selected in the coming weeks, the sources said.

No Labels did not immediately respond to requests for comment.

(Reporting by Jarrett Renshaw; Editing by Chris Reese)