Plymouth Rubber Company, Inc. Notified of Non-Compliance with Listing Standards by the American Stock Exchange
31 Décembre 2003 - 10:30PM
PR Newswire (US)
Plymouth Rubber Company, Inc. Notified of Non-Compliance with
Listing Standards by the American Stock Exchange CANTON, Mass.,
Dec. 31 /PRNewswire-FirstCall/ -- Plymouth Rubber Company, Inc.
(the "Company" -- Amex: PLR.A - News, PLR.B - News) announced today
that it received notification from the American Stock Exchange
("AMEX") that the Company's Class A Common Stock and Class B Common
Stock are each subject to delisting for having aggregate publicly
held market values of less than $1,000,000 for more than 90
consecutive days. In order for the Company to maintain the listings
of its Common Stock, it must submit a plan, subject to acceptance
by AMEX, by January 26, 2004 advising the AMEX of actions to bring
it into compliance with continued listing standards by March 10,
2004. The Company is considering the feasibility of such a plan of
compliance and expects to advise AMEX in a timely fashion whether
it will submit a compliance plan or pursue alternatives to
continued AMEX listing. As previously announced, the AMEX had
accepted a plan submitted by the Company in June, 2003, to regain
compliance by November 2004 with listing standards related to
minimum shareholder equity and losses in prior fiscal years.
Plymouth Rubber Company, Inc. manufactures and distributes plastic
and rubber products, including automotive tapes, insulating tapes,
and other industrial tapes and films. The Company's tape products
are used by the electrical supply industry, electric utilities, and
automotive and other original equipment manufacturers. Through its
Brite-Line Technologies subsidiary, Plymouth manufactures and
supplies highway marking products. This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. The Company's actual results could differ
materially from those set forth in the forward-looking statements
as a result of various factors, including those referenced in the
"Management's Discussion and Analysis" section of the Company's
most recent Quarterly Report on Form 10-Q and Annual Report on Form
10-K which are on file with the SEC. Contact: Joseph J. Berns Vice
President -- Finance (781) 828-0220 Ext. 1377 DATASOURCE: Plymouth
Rubber Company, Inc. CONTACT: Joseph J. Berns, Vice President --
Finance of Plymouth Rubber Company, Inc., +1-781-828-0220 Ext. 1377
Web site: http://www.plymouthrubber.com/
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