Speaking of resurrection, here's an old friend...For you Monty Python fans: I fart in your general direction....
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Evans Systems, Inc. Receives Positive Ruling From Nasdaq on NMS ComplianceAppeal
BAY CITY, Texas, July 29 /PRNewswire/ -- Evans Systems, Inc. (Nasdaq: EVSI) today announced it received a favorable ruling from a Nasdaq Listing Qualifications Panel that the Company's securities were in compliance and will continue to be listed on the Nasdaq's National Market System (NMS). The Company had demonstrated compliance with NASD Marketplace Rule(s) 4450(a)(2), requiring a minimum market value of the public float to exceed $5 million. The market value of the Company's public float is $6,643,989 as of July 28, 1998.
Mr. J.L. Evans, Sr., President and CEO of Evans Systems, Inc. stated "I would like to thank all of our shareholders and market makers for the confidence they have shown in ESI's management and its ability to execute our turnaround strategy. I especially commend Jerry Evans, Jr. for spearheading the efforts to bring the Company's stock into compliance and his work with the NASD."
Evans Systems, Inc's. four key business segments include: Convenience Stores, a chain of retail outlets in South Texas and Louisiana; Petroleum Marketing, a distributor of petroleum products; EDCO Environmental, Inc. which provides environmental soil remediation services; and ChemWay Systems, Inc., a discontinued operation, which produced, packaged, and marketed automotive after-market chemical products and is a discontinued operation as of March 1, 1998. The company is currently under a letter of intent to sell the operation. NASD recognized peers include: Adams Resources & Energy, Inc. (Amex: AE), Casey's General Stores, Inc. (Nasdaq: CASY), E-Z Serve Corporation (Amex: EZS), Giant Industries, Inc. (NYSE: GI), Kinark Corporation (Amex: KIN), Meteor Industries, Inc. (Amex: MTE).
SOURCE Evans Systems, Inc.
CO: Evans Systems, Inc.
ST: Texas
IN: OIL
SU:
07/29/98 08:33 EDT prnewswire.com
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