Clark Holdings Inc. Announces Receipt of Notice of Potential Delisting of Securities from Amex
22 2월 2008 - 7:15AM
PR Newswire (US)
Clark Files Appeal and Requests Hearing Before Amex Committee
TRENTON, N.J., Feb. 21 /PRNewswire-FirstCall/ -- Clark Holdings
Inc., formerly known as Global Logistics Acquisition Corporation
(Amex: GLA; GLA.U; GLA.WS) ("Clark") announced today that on
February 15, 2008, it received notice from The American Stock
Exchange LLC ("Amex") indicating that it no longer complies with
Amex's listing standards due to the requirement of a minimum of 400
public shareholders, as set forth in Section 102(a) of the Amex
Company Guide, and that its securities are, therefore, subject to
possible delisting from Amex. Clark will become subject to the
indicator .BC to denote its noncompliance. Clark has appealed this
determination and has requested a hearing before a committee of
Amex. Although Clark believes it will be able to satisfy Amex's
criteria and remain listed, there can be no assurance that Clark's
request for continued listing will be granted. Until this appeal is
heard and considered, Clark's units, common stock and warrants will
be listed under the symbols GLA.U.BC, GLA.BC and GLA.WS.BC,
respectively. About Clark Over its 30-year history, Clark has built
a position as the leading independent provider of value-added
distribution, transportation management, and international air and
ocean freight forwarding services to the print media industry.
Additional Disclosure This press release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involve risks
and uncertainties. Forward looking statements are statements that
are not historical facts. Such forward-looking statements, based
upon the current beliefs and expectations of Clark's management,
are subject to risks and uncertainties, which could cause actual
results to differ from the forward looking statements. DATASOURCE:
Clark Holdings Inc. CONTACT: Mr. Timothy Teagan, President, CEO,
Clark Holdings Inc., +1-609-396-1100; or Investors, Jeff Majtyka or
Brad Edwards, or Media, Jenna Focarino, all of Brainerd
Communicators, Inc., +1-212-986-6667 Web site:
http://www.glacteam.com/
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