News Releases

The decision was reached in view of the fact that the Company had fallen below the NYSE’s continued listing standards regarding average global market capitalization over a consecutive 30 trading day period of less than $75,000,000 and total stockholders' equity of less than $75,000,000.  The Company informed the NYSE that it does not expect to submit a business plan to bring it into conformity with continued listing standards within 18 months of notice from the Exchange.   In addition, the Company had fallen below the NYSE’s continued listing standards for $1.00 average closing price over a consecutive 30 trading day period. 

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:
Tammy Chase
312-321-3230