Trans-Industries, Inc. Receives Nasdaq Delisting Notification Letter
10 12월 2005 - 7:02AM
PR Newswire (US)
AUBURN HILLS, Mich., Dec 9 /PRNewswire-FirstCall/ --
Trans-Industries, Inc. (NASDAQ:TRNI) today announced receipt of a
Nasdaq Staff Determination letter from The Nasdaq Stock Market
("Nasdaq") indicating the Company's securities will be delisted
from The Nasdaq Capital Market at the opening of business on
December 15, 2005. 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
was unable to submit to Nasdaq a definitive plan evidencing its
ability to achieve near term compliance with the continued listing
requirements or sustain such compliance over an extended period of
time. The Company has decided not to appeal Nasdaq's determination.
Accordingly, the Company's securities will be delisted as provided
in the Nasdaq Staff Determination letter. The Company intends to
investigate the possibility of facilitating the trading of its
securities in the Over the Counter Market through the Pink Sheets.
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
Trans Industries (NASDAQ:TRNI)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Trans Industries (NASDAQ:TRNI)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Trans-Industries (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
More Trans-Industries (MM) News Articles