News Releases

The decision to suspend the Company’s common stock was reached in view of the fact that the Company has fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $15 million. This $15 million level is temporarily in effect (compared to the historical $25 million) through June 30, 2009. The Company had also previously fallen below the NYSE’s continued listing standard for average global market capitalization over a consecutive 30 trading day period of not less than $75 million and stockholders’ equity of not less than $75 million and submitted plan materials for consideration.  However, NYSE Regulation proceeded with suspension in light of the non-compliance with the minimum market capitalization requirement.

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 U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of NYSE Regulation staff’s 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:
Greg Geswein
(419) 325-2451