SouthWest Water Company Granted Nasdaq Listing Qualifications Hearing and Stay of Delisting
27 5월 2009 - 8:00PM
Business Wire
SouthWest Water Company (NASDAQ:SWWC), a leading provider of
water, wastewater and public works services, today announced that
the Nasdaq Hearings Panel has granted the company a Listing
Qualifications Hearing, scheduled for June 11, 2009. The Panel has
also granted the company a stay of delisting pending its broader
review of the company�s reasons for its late filings and plan of
compliance at the hearing.
As previously announced, the company is not in compliance with
Nasdaq Marketplace Listing Rule 5250(c)(1) due to its failure to
timely file its quarterly reports on Form 10-Q for the quarters
ended September 30, 2008 and March 31, 2009, as well as its annual
report on Form 10K for the year ended December 31, 2008. The delay
in filing results is due to the previously announced restatement of
prior period financials.
About SouthWest Water Company
SouthWest Water Company provides a broad range of operations,
maintenance and management services, including water production,
treatment and distribution; wastewater collection and treatment;
customer service; and utility infrastructure construction
management. The company owns regulated public utilities and also
serves cities, utility districts and private companies under
contract. More than a million people in 9 states depend on
SouthWest Water for high-quality, reliable service. Additional
information may be found on the company�s website:
www.swwc.com.
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