News Releases

The decision to suspend the Company was reached in view of the fact that it had fallen below the NYSE’s continued listing standards for $1.00 average closing price over a consecutive 30 trading day period. 

NYSE Regulation also determined that the “abnormally low” price of the stock makes it appropriate to suspend the Company’s common stock at this time rather than provide the Company an opportunity to cure its non-compliance with the NYSE’s quantitative requirements. JRC closed at $.25 on April 9, 2008 with a resultant market capitalization of approximately $9.8 million.  

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff decision.   The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Company contact:
Gary Struening, Vice President, Finance
(215) 504-4200