iLinc Receives Continued Listing Notice
20 12월 2008 - 6:15AM
Business Wire
iLinc (AMEX: ILC), a leader in web conferencing and desktop video
conferencing software, received notification from the staff of the
NYSE Alternext on December 15, 2008, that iLinc did not meet
certain of the Exchange�s continued listing standards. The notice
indicated that the company is not in compliance with Section
1003(a)(ii) of the Exchange�s listing standards since it had
stockholders� equity of less than $4,000,000 and losses from
continuing operations in three out of its four most recent fiscal
years. In the notice, the Exchange has deemed it appropriate that
the company effect a reverse stock split to address its low stock
price. Pursuant to the listing rules, iLinc is afforded the
opportunity to submit a plan of compliance to the Exchange by
January 14, 2009, that demonstrates its ability to regain
compliance by June 15, 2010. If the Company does not submit a plan
or if the Exchange does not accept the plan, then the company will
be subject to delisting procedures. The Company is investigating
all options available to it. James M. Powers, Jr., President and
Chief Executive Officer of iLinc, said, �As many know, the American
Stock Exchange merged with the New York Stock Exchange and is now
called the NYSE Alternext. So with receipt of the notice from NYSE
Alternext, we think it is appropriate to pause and consider all
options available to iLinc in light of current stock market
conditions. For some time now, iLinc has traded below what we
consider its true value, and recent overall stock market conditions
have exacerbated that condition,� continued Dr. Powers. �We
continue to see increasing demand for our web and video
conferencing software, and see continued growth with our new SaaS
subscription model. We want to remain well-positioned to capitalize
on iLinc�s true value for the benefit of our shareholders and
employees alike,� concluded Dr. Powers. About iLinc Communications,
Inc. iLinc, a recognized leader in web conferencing, desktop video
conferencing software and collaboration solutions, aims to
revolutionize the way organizations meet and communicate. Through
its software and services, iLinc liberates people by enabling them
to get more done, travel less, achieve work-life balance while
preserving the environment. iLinc offers the only enterprise-class
web and video conferencing software that allows customers to choose
between a software-as-a-service (SaaS) rental model or a
traditional software purchase model, in combination with hosting by
iLinc or on-premise installation. iLinc is headquartered in
Phoenix, Arizona. This press release contains information that
constitutes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Any such forward-looking statements involve risk and
uncertainties that could cause actual results to differ materially
from any future results described within the forward-looking
statements. Factors that could contribute to such differences are
disclosed in the Company�s annual report on Form 10-K, quarterly
reports on Form 10-Q, and other reports filed with the Securities
and Exchange Commission. The forward-looking information provided
herein represents the Company�s estimates and expectations as of
the date of the press release, and subsequent events and
developments may cause the Company�s estimates and expectations to
change. The Company specifically disclaims any obligation to update
the forward-looking information in the future. Therefore, this
forward-looking information should not be relied upon as
representing the Company�s estimates and expectations of its future
financial performance as of any date subsequent to the date of this
press release.
Ilinc Comm (AMEX:ILC)
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부터 10월(10) 2024 으로 11월(11) 2024
Ilinc Comm (AMEX:ILC)
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부터 11월(11) 2023 으로 11월(11) 2024
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