Universal Automotive Announces Delisting Notice
21 Aprile 2005 - 3:31AM
PR Newswire (US)
Universal Automotive Announces Delisting Notice ALSIP, Ill., April
20 /PRNewswire-FirstCall/ -- Universal Automotive Industries, Inc.
(NASDAQ:UVSL) today announced that it has received a letter dated
April 19, 2005 from the Nasdaq Stock Market, Inc. advising that due
to failure to file its Form 10-K on a timely basis the character
"e" will be appended to the trading symbol for the Company's
securities (UVSLE) at the opening of business on April 21, 2005. It
further advises that the Company's securities will be delisted from
The Nasdaq Stock Market at the opening of business on April 28,
2005, unless the Company requests a hearing in accordance with the
Nasdaq Rules. The Company does not presently intend to appeal the
delisting of its securities. This news release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934 as amended, which are intended to
be covered by safe harbors created thereby. Such forward-looking
statements, including the risks referenced in the Company's filings
with the Securities & Exchange Commission, and the risk that
delisting of the Company's common stock will impair the liquidity
of investment in the Company. DATASOURCE: Universal Automotive
Industries, Inc. CONTACT: Robert W. Zimmer of Universal Automotive
Industries, Inc., +1-708-293-4050 ext. 227 Web site:
http://www.universalbrake.com/ Company News On-Call:
http://www.prnewswire.com/comp/133263.html
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