Tween Brands Achieves Compliance with NYSE Listing Standards
25 9월 2009 - 5:01AM
Business Wire
Tween Brands, Inc. (NYSE: TWB) today reported that they have
received notification from the New York Stock Exchange ("NYSE")
that the Company is now back in compliance under the NYSE's
continued listing standards and will be removed from its "Watch
List." Tween Brands’ reinstatement to compliance comes as a result
of the Company's consistent positive performance against a business
plan submitted to the NYSE and its compliance with the Exchange's
minimum market capitalization standard.
“We are very happy to have quickly returned to compliance with
the NYSE listing standards. The cornerstone of our business plan
was the continued successful transition to the Justice store brand
and we are pleased that our value message is reaching customers and
they are acting on it,” said Michael Rayden, Tween Brands chairman
and chief executive officer.
The Company will be subject to a 12-month follow-up period to
ensure that it remains in compliance with the NYSE's continued
listing standards, as well as being subject to its normal
monitoring procedures.
About Tween Brands,
Inc.
Headquartered in New Albany, Ohio, Tween Brands (NYSE:TWB) is
the largest premier tween specialty retailer in the world. Through
our powerhouse brand, Justice, Tween Brands provides the hottest
fashion merchandise and accessories for tween (age 7-14) girls.
Known as the destination for fashion-aware tweens, Justice
stores proudly feature outgoing sales associates who assist girls
in expressing their individuality and self-confidence through
fashion. Visually-driven catazines and direct mail pieces reach
millions of tween girls annually, further positioning Tween Brands
as a preeminent retailer in the tween marketplace.
Over 900 Justice stores are located throughout the United States
and internationally. Additionally, Tween Brands offers its fashions
to tween girls and their parents through its e-commerce site,
www.shopjustice.com.
In August 2008, Tween Brands announced plans to transition to a
single brand, taking the best of Limited Too and the best of
Justice to create a fresh, new Justice. With a focus on providing
tween girls the absolute best experience possible, Tween Brands
looks toward the future with a single store brand, a single focus,
and a single mission: to celebrate tween girls through an
extraordinary experience of fashion and fun in an
everything-for-her-destination.
For more information visit www.tweenbrands.com and www.shopjustice.com.
Tween Brands (NYSE:TWB)
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Tween Brands (NYSE:TWB)
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