Concord Camera Corp. Announces Voluntary Delisting From NASDAQ
30 Gennaio 2009 - 10:51PM
Marketwired
Concord Camera Corp. (the "Company") (NASDAQ: LENS) announced today
that it has notified the NASDAQ Stock Market ("NASDAQ") of its
intent to delist its common stock from the NASDAQ Global Market.
The Company currently anticipates that, on or about February 9,
2009, it will file with the Securities and Exchange Commission and
NASDAQ a Form 25 relating to the delisting of its common stock. The
Company expects that trading in the Company's common stock will be
suspended on the date the Form 25 is filed, with the official
delisting of its common stock becoming effective ten days
thereafter. Accordingly, the Company anticipates that trading of
its common stock on the NASDAQ Global Market will be suspended on
or about February 9, 2009 and that its common stock will be
delisted from the NASDAQ Global Market on or about February 19,
2009.
As previously announced, the Company's shareholders approved the
dissolution and liquidation of the Company (the "Plan of
Liquidation") at the Annual Meeting of Shareholders on December 18,
2008. Pursuant to the Plan of Liquidation, the Company has
initiated the process to dissolve the Company's corporate existence
in the State of New Jersey and intends to sell and monetize or
otherwise dispose of its non-cash assets, satisfy or settle its
remaining liabilities and obligations, including contingent
liabilities and claims, and make one or more distributions to its
shareholders of cash available for distribution. The execution of
the Plan of Liquidation will be completed as soon as
practicable.
Cautionary Statement About Forward-Looking Statements
The statements contained in this press release that are not
historical facts are "forward-looking statements" (as such term is
defined in the Private Securities Litigation Reform Act of 1995),
which can be identified by the use of forward-looking terminology
such as: "estimates," "projects," "anticipates," "expects,"
"intends," "believes," "plans," "forecasts" or the negative thereof
or other variations thereon or comparable terminology, or by
discussions of strategy that involve risks and uncertainties. The
Company's actual results could differ materially from those
anticipated in such forward-looking statements as a result of
certain factors, including the Company's ability to file the Form
25 with the Securities and Exchange Commission and NASDAQ on or
about February 9, 2009, the Company's ability to sell and monetize
or otherwise dispose of its non-cash assets in a timely manner or
at all and the Company's ability to settle or otherwise resolve its
liabilities and obligations, including contingent liabilities, with
its creditors.
For a discussion of some additional factors that could cause
actual results to differ, see the risks discussed under "Risk
Factors" and the disclosures in the Company's Annual Report on Form
10-K for the fiscal year ended June 28, 2008 and subsequently filed
reports. We wish to caution the reader that these forward-looking
statements, including, without limitation, statements regarding the
dissolution and liquidation of the Company pursuant to the terms of
the Plan of Liquidation, the amount of any liquidating
distributions and the timing of any liquidating distributions, the
timing of the Company's filing of the Form 25 with the Securities
and Exchange Commission and NASDAQ and the suspension of trading
and delisting of the Company's shares from NASDAQ, and other
statements contained in this press release regarding matters that
are not historical facts, are only estimates or predictions. No
assurance can be given that future results will be achieved.
Actual events or results may differ materially as a result of
risks facing us or actual results differing from the assumptions
underlying such statements. Any forward-looking statements
contained in this press release represent our estimates only as of
the date of this press release, or as of such earlier dates as are
indicated herein, and should not be relied upon as representing our
estimates as of any subsequent date. While we may elect to update
forward-looking statements at some point in the future, unless
required by applicable law, we specifically disclaim any obligation
to do so, even if our estimates change.
CONTACT: Concord Camera Corp. Blaine Robinson Vice President ?
Finance and Treasurer (954) 331-4238
Grafico Azioni Presbia (CE) (USOTC:LENSF)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Presbia (CE) (USOTC:LENSF)
Storico
Da Giu 2023 a Giu 2024