AMCON Reports Receipt of Notice from AMEX of Failure to Satisfy Continued Listing Standards
30 Janvier 2006 - 11:15PM
Business Wire
AMCON Distributing Company (AMEX:DIT), an Omaha, Nebraska based
consumer products company, announced today that on January 24, 2006
it received a notice from the American Stock Exchange ("AMEX") of a
failure to timely file its Annual Report on Form 10-K for the
fiscal year ended September 30, 2005 ("Annual Report") resulting in
a violation of Sections 134, 1003(d) and 1101 of the AMEX Company
Guide and AMCON's agreement with the AMEX. As result of the notice,
the indicator .LF will be added to the company's stock symbol in
any place the company's symbol is transmitted with a quotation or a
trade. As reported in a press release issued on January 16, 2006
and a Form 8-K filed with the Securities and Exchange Commission
(the "SEC") on January 17, 2006, the Annual Report was delayed and
was not filed by the due date of December 29, 2006 or by the
extension date of January 13, 2006 primarily because of the
uncertainty surrounding the accounting treatment of several issues
associated with its two beverage subsidiaries, Trinity Springs,
Inc. and Hawaiian Natural Water Company, Inc. AMCON also announced
estimated ranges of its fiscal 2005 financial results in the press
release issued on January 16, 2006. As a condition to maintain
listing of its common stock on the AMEX, AMCON is required to
submit a plan by February 7, 2006 to the AMEX that will address its
failure to timely file its Form 10-K. This plan must advise the
AMEX of the action AMCON has taken, or will take, that would bring
it into compliance with Sections 134, 1003(d) and 1101 of the AMEX
Company Guide and AMCON's agreement with the AMEX by no later than
March 31, 2006. AMCON is a leading wholesale distributor of
consumer products, including beverages, candy, tobacco, groceries,
food service, frozen and chilled foods, and health and beauty care
products with distribution centers in Illinois, Missouri, Nebraska,
North Dakota and South Dakota. Chamberlin's Natural Foods, Inc. and
Health Food Associates, Inc., both wholly-owned subsidiaries of The
Healthy Edge, Inc., operate health and natural product retail
stores in central Florida (6), Kansas, Missouri, Nebraska and
Oklahoma (4). The retail stores operate under the names
Chamberlin's Market & Cafe and Akin's Natural Foods Market.
Hawaiian Natural Water Company, Inc. produces and sells natural
spring water under the Hawaiian Springs label in Hawaii and other
foreign markets and purified bottled water on the Island of Oahu in
Hawaii. The natural spring water is bottled at the source on the
Big Island of Hawaii. Trinity Springs, Inc. produces and sells
geothermal bottled water and a natural mineral supplement under the
Trinity label and recently introduced a vitamin enhanced beverage
product under the Trinity Enhanced label. The water and mineral
supplement are both bottled at the base of the Trinity Mountains in
Paradise, Idaho, one of the world's deepest known sources. Trinity
Springs also distributes Hawaiian Springs on the U.S. mainland.
This news release contains forward-looking statements that are
subject to risks and uncertainties and which reflect management's
current beliefs and estimates of future economic circumstances,
industry conditions, Company performance and financial results. A
number of factors could affect the future results of the Company
and could cause those results to differ materially from those
expressed in the Company's forward-looking statements including,
without limitation, availability of sufficient cash resources to
conduct its business and meet its capital expenditures needs.
Moreover, past financial performance should not be considered a
reliable indicator of future performance. Accordingly, the Company
claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995 with respect to all such forward-looking statements.
Visit AMCON Distributing Company's web site at: www.amcon.com
AMCON Distributing (AMEX:DIT)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
AMCON Distributing (AMEX:DIT)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024