TRNI Trans-Industries (MM)

AUBURN HILLS, Mich., Nov. 23 /PRNewswire-FirstCall/ -- Trans-Industries, Inc. (NASDAQ:TRNI), today announced receipt of a Nasdaq Staff Deficiency letter from The Nasdaq Stock Market ("Nasdaq") indicating the Company is not in compliance with Nasdaq's requirements for continued listing because the Company's shareholders equity amount is below the minimum requirement of $2.5 million and accordingly does not comply with Marketplace Rule 4310(c)(2)(B) (the "Minimum Stockholders Equity Rule"). The Company is currently considering its options. In the event that the Company is unable to deliver a plan acceptable to Nasdaq, the Company expects to receive notification that its securities will be delisted. At that time, the Company may appeal the Staff's decision to a Nasdaq Listing Qualifications Panel. About the Company The Company is a leading provider of lighting systems and related components to the mass transit market as well as a supplier of information hardware and software solutions on Intelligent Transportation Systems (ITS) and mass transit projects. ITS utilizes integrated networks of electronic sensors, signs and software to monitor road conditions, communicate information to drivers and help transportation authorities better manage traffic flow across their existing infrastructures. Forward-Looking Statements Except for statements of historical fact, this news release contains certain forward-looking statements about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, management of growth, and other risks noted in the Company's SEC filings, which may cause actual results to differ materially Visit Trans-Industries at http://www.transindustries.com/ DATASOURCE: Trans-Industries, Inc. CONTACT: Kai Kosanke, Chief Financial Officer of Trans-Industries, Inc., +1-248-364-0400 Web site: http://www.transindustries.com/

Copyright