Nasdaq Grants World Air Holdings Listing Extension to February 20, 2006
19 Gennaio 2006 - 2:30PM
PR Newswire (US)
PEACHTREE CITY, Ga., Jan. 19 /PRNewswire-FirstCall/ -- World Air
Holdings, Inc. (NASDAQ:WLDAE), parent company of World Airways and
North American Airlines, announced today that the Nasdaq Listing
Qualifications Panel has granted the company continued listing on
the Nasdaq National Market until Feb. 20, 2006, pending filing of
an amended Form 10-Q/A for the period ended June 30, 2005 and a
Form 10-Q for the period ended Sept. 30, 2005. The company
continues to make progress in its work to complete the periodic
reports necessary to fully comply with Nasdaq requirements and the
terms of the panel's decision on Nov. 22, 2005. The company
continues to keep the panel apprised of its progress. With the
exception of pending filings, the company continues to satisfy all
quantitative requirements for continued listing on The Nasdaq
National Market by a substantial margin. While the company believes
it will be able to satisfy these requirements, there can be no
assurances that it will be able to do so. The fifth character "E"
indicating that the company is not current in filing will remain
appended to its symbol until the company becomes compliant with all
requirements for continued listing on the Nasdaq National Market.
World Air Holdings has three wholly owned subsidiaries, World
Airways, Inc., North American Airlines, Inc. and World Risk
Solutions, Ltd. World Airways is a charter passenger and cargo
airline founded in 1948, North American is a charter passenger
airline founded in 1989, and World Risk Solutions is an insurance
subsidiary established in 2004. For additional information, visit
http://www.worldairholdings.com/. ["Safe Harbor" statement under
the Private Securities Litigation Reform Act of 1995: This release
contains forward looking statements that are subject to risks and
uncertainties including, but not limited to, the impact of
competition in the market for air transportation services, the
cyclical nature of the air carrier business, reliance on key
marketing relationships, fluctuations in operating results and
other risks detailed from time to time in the company's periodic
reports filed with the SEC (reports are available from the company
upon request). These various risks and uncertainties may cause the
company's actual results to differ materially from those expressed
in any of the forward looking statements made by, or on behalf of
the company in this release.] First Call Analyst: FCMN Contact:
DATASOURCE: World Air Holdings, Inc. CONTACT: MEDIA, Steve Forsyth,
+1-770-632-8322, or INVESTORS, Janice Kuntz, +1-404-352-2841, both
of World Air Holdings, Inc. Web site:
http://www.worldairholdings.com/ http://www.worldairways.com/
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