Highlands Acquisition Corp. Receives Non-Compliance Letter From Amex
04 3월 2008 - 6:05AM
PR Newswire (US)
MONTVALE, N.J., March 3 /PRNewswire-FirstCall/ -- Highlands
Acquisition Corp.(AMEX:HIA.U), (the "Company") announced today
that, on February 27, 2008, it received a warning letter from the
American Stock Exchange ("Amex") that it is not in compliance with
Sections 121(A)(1) and 802(a) of the Amex Company Guide because the
Company's board of directors is no longer comprised of a majority
of directors who are independent. Amex gave the Company until May
27, 2008 to regain compliance with the requirements set forth in
such sections. The Company is actively seeking an independent
director to fill the vacancy on its board of directors caused by
the resignation of William V. Campbell, one of its independent
directors, on February 11, 2008, as disclosed by the Company on a
Current Report on Form 8-K filed with the Securities and Exchange
Commission on February 15, 2008, and will continue to seek to fill
such vacancy with an independent director prior to May 27, 2008 so
as to comply with Sections 121(A)(1) and 802(a) of the Amex Company
Guide. About Highlands Acquisition Corp. Highlands Acquisition
Corp. is a newly organized blank check company formed for the
purpose of effecting a merger, capital stock exchange, stock
purchase, asset acquisition or other similar business combination
with one or more operating businesses. The Company's efforts in
identifying a prospective target business will not be limited to a
particular industry, although it initially intends to focus its
search for a target business in the healthcare industry.
Forward-Looking Statements This press release may contain
forward-looking statements within the meaning of the federal
securities laws. These forward-looking statements inherently
involve risks and uncertainties that are detailed in the Company's
prospectus and other filings with the Securities and Exchange
Commission and, therefore, actual results could differ materially
from those projected in the forward-looking statements. The Company
assumes no obligation to update publicly or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. DATASOURCE: Highlands Acquisition Corp.
CONTACT: Robert W. Pangia, Chief Executive Officer, Highlands
Acquisition Corp., +1-201-573-8400, Web site:
http://www.highlandscorp.com/
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