Nasdaq Affirms Arotech in Full Compliance with All Listing Standards; Panel Determines to Continue Arotech's Listing on the Nas
10 7월 2006 - 9:00PM
Business Wire
Arotech Corporation (NasdaqGM: ARTXD) announced today the final
determination of the Nasdaq Stock Market's Listing Qualifications
Panel to continue the listing of Arotech's securities on the Nasdaq
Global Market (formerly known as the Nasdaq National Market),
finding that Arotech is in full compliance with its listing
standards. "We have fulfilled all of the provisions of the Nasdaq
Listing Panel's decision of May 17, and we are now in full
compliance with all of the listing standards of the Nasdaq Global
Market," said Robert S. Ehrlich, Arotech's Chairman of the Board.
"We look forward to continuing our long association with the Nasdaq
Stock Market," concluded Ehrlich. About Arotech Corporation Arotech
Corporation is a leading provider of quality defense and security
products for the military, law enforcement and homeland security
markets, including multimedia interactive simulators/trainers,
lightweight armoring and advanced zinc-air and lithium batteries
and chargers. Arotech operates through three major business
divisions: Armor, Simulation and Training and Battery and Power
Systems. Arotech is incorporated in Delaware, with corporate
offices in Ann Arbor, Michigan, and research, development and
production subsidiaries in Alabama, Michigan and Israel. Except for
the historical information herein, the matters discussed in this
news release include forward-looking statements, as defined in the
Private Securities Litigation Reform Act of 1995, including the
results of our restructuring program. Forward-looking statements
reflect management's current knowledge, assumptions, judgment and
expectations regarding future performance or events. Although
management believes that the expectations reflected in such
statements are reasonable, readers are cautioned not to place undue
reliance on these forward-looking statements, as they are subject
to various risks and uncertainties that may cause actual results to
vary materially. These risks and uncertainties include, but are not
limited to, risks relating to: product and technology development;
the uncertainty of the market for Arotech's products; changing
economic conditions; delay, cancellation or non-renewal, in whole
or in part, of contracts or of purchase orders; dilution resulting
from issuances of Arotech's common stock upon conversion or payment
of its outstanding convertible debt, which would be increasingly
dilutive if and to the extent that the market price of Arotech's
stock decreases; and other risk factors detailed in Arotech's most
recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2005, as amended, and other filings with the
Securities and Exchange Commission. Arotech assumes no obligation
to update the information in this release. Reference to the
Company's website above does not constitute incorporation of any of
the information thereon into this press release.
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