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Article: American Stock Exchange Accepts AquaCell's 18-Month Plan for Continued Listing.
- Article from:
- Business Wire
- Article date:
- December 3, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RANCHO CUCAMONGA, Calif. -- AquaCell (AMEX:AQA) announced today that it has been notified by the American Stock Exchange that the Amex has accepted the company's 18-month plan for continued listing, in connection with the Amex's listing requirements.
AquaCell received a letter from the Amex on Nov. 29, 2004, informing the company of its non-compliance with the Amex's minimum stockholder equity requirement. Having anticipated this action, the company had proactively prepared a plan (the "Plan") in accordance with the Amex Company Guide, which was submitted to and accepted by the Amex.
James C. Witham, AquaCell's chairman and chief executive officer said: ...