Riviera Tool Receives Listing Extension from American Stock Exchange
11 4월 2006 - 1:27AM
PR Newswire (US)
GRAND RAPIDS, Mich., April 10 /PRNewswire-FirstCall/ -- Riviera
Tool Co. (AMEX:RTC) today reported it has received notification
from the American Stock Exchange (Amex) that the Company has
received an extension of time (no later than August 9, 2007) to
regain compliance with the continued listing standards. The Grand
Rapids, Mich. designer and manufacturer of stamping die systems had
previously received and disclosed that on February 9, 2006 the
Company was below certain of the Amex's continued listing standards
(shareholders equity of less than $4.0 million and losses from
continuing operations and/or net losses in three out of its four
most recent fiscal years) as set forth in Section 1003(a)(ii) of
the Amex Company Guide. In order to maintain its listing, the
Company was afforded the opportunity to submit a plan of compliance
to the Amex and on March 13, 2006 presented its plan to the Amex.
On April 3, 2006, the Amex notified the Company that it accepted
the Company's plan of compliance and granted an extension of time
to regain compliance with the continued listing standards. The
company will be subject to periodic review during the extension
period. Failure to make progress consistent with the plan or to
regain compliance with the continued listing standards by the end
of the extension period could result in the Company being delisted
from the American Stock Exchange. "We are pleased that the Amex has
granted us an extension allowing us to regain compliance," said
Kenneth K. Rieth, president and chief executive officer of Riviera
Tool. "Our business continues to improve and we expect these
results will help us return to compliance." About Riviera Tool
Riviera Tool Co. (http://www.rivieratool.com/ ) designs, develops
and manufactures large-scale, custom metal stamping die systems
used in the high- speed production of sheet metal parts and
assemblies for the global automotive industry. A majority of
Riviera's sales are to BMW, Nissan, DaimlerChrysler, General Motors
Corp., Ford Motor Co. and their Tier One suppliers. Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this news release include certain
predictions and projections that may be considered forward-looking
statements under securities laws. These statements involve a number
of important risks and uncertainties that could cause actual
results to differ materially, including but not limited to
economic, competitive, governmental and technological. DATASOURCE:
Riviera Tool Co. CONTACT: Kenneth K. Rieth, CEO or Peter C. Canepa,
CFO, of Riviera Tool Company, +1-616-698-2100 Web site:
http://www.rivieratool.com/
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Riviera Tool (AMEX:RTC)
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부터 5월(5) 2024 으로 6월(6) 2024
Riviera Tool (AMEX:RTC)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
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