ImageWare Announces Plan to Move to OTC Trading
30 4월 2008 - 5:05AM
Business Wire
ImageWare� Systems, Inc. (AMEX: IW), a leading developer and
provider of identity management solutions, announced its common
stock will cease trading on the American Stock Exchange (�AMEX�) as
soon as practicable. The company believes it will be eligible for
quotation on the Over-the-Counter Bulletin Board ("OTCBB"). Jim
Miller, ImageWare�s chairman and CEO, stated, �We continue to be
confident and optimistic about 2008 prospects. As reported, we
experienced more activity in the last two weeks of March than we
have in the company�s history, including $3.5 million of new orders
from multiple customers. We expect this revenue as well as new
additional revenue to be recognized throughout 2008, with the
majority in the second and third quarters. Demand continues for our
identity management solutions and showcases our interoperable and
cross-functional solutions. After completing the Sol Logic, Inc.
integration and introducing the IWS� Mediator� in February, we are
experiencing sooner than expected high demand for our real-time
voice recognition and multi-lingual translation technology. In
summary, we have set the stage for a stronger year.� �While we met
all of the AMEX qualitative measurements, we missed the
shareholders� equity requirements. We researched other trading
options and chose OTCBB as it will meet our current trading needs.
We are confident we will have a number of market makers set to make
a market in our common shares so our investors will be able to
continue their activities,� concluded Miller. On April 25, 2008,
ImageWare received a letter from AMEX advising that a Listing
Qualifications Panel of the AMEX Committee on Securities had
affirmed the determination of the staff of the Listing
Qualifications Department to delist the company�s common stock from
AMEX as the company failed to comply with two Sections of the AMEX
Company Guide: Section 1003(a)(ii), because the company has
shareholders� equity of less than $4 million and has sustained
losses from continuing operations and net losses in three out of
its four most recent fiscal years; and Section 1003(a)(iii),
because the company has shareholders� equity of less than $6
million and has sustained losses from continuing operations and net
losses in its five most recent fiscal years. About ImageWare
Systems, Inc. ImageWare Systems, Inc. (AMEX:IW) is a leading
developer of identity management solutions, providing biometric,
secure credential and law enforcement technologies. Scalable for
worldwide deployment, the Company's biometric product line includes
a multi-biometric engine that is hardware and algorithm
independent, enabling the enrollment and management of unlimited
population sizes. ImageWare's identification products are used to
manage and issue secure credentials including national IDs,
passports, driver licenses, smart cards and access control
credentials. ImageWare's digital booking products provide law
enforcement with integrated mug shot, fingerprint Livescan and
investigative capabilities. ImageWare is headquartered in San
Diego, with offices in Portland, OR, Washington DC and Canada. For
more information visit www.iwsinc.com. Safe Harbor Statement This
news release may contain forward-looking statements made pursuant
to the �safe harbor� provisions of the Private Securities
Litigation Reform Act of 1995. While these statements are meant to
convey to the public the company's progress, business opportunities
and growth prospects, readers are cautioned that such
forward-looking statements represent management's opinion. While
management believes such representation to be true and accurate
based on the information available to the company, actual results
may differ materially from those described. The company's
operations and business prospects are always subject to risks and
uncertainties. Important facts that may cause actual results to
differ are set forth in the company�s periodic filings with the
U.S. Securities and Exchange Commission.
Imageware (AMEX:IW)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Imageware (AMEX:IW)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
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