-- Commodore Separation Technologies, Inc. Delisted from Nasdaq SmallCap Market --
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS EDITOR:
Commodore Separation Technologies, Inc. Delisted from Nasdaq SmallCap Market
NEW YORK, Feb. 19 /PRNewswire/ -- Commodore Separation Technologies, Inc.
(CXOT, CXOTP and CXOTW) today announced that it has received notice from a
Nasdaq Listing Qualifications Panel that the Panel has determined to delist
Commodore's common stock, public preferred stock and public warrants from The
Nasdaq SmallCap Market effective with the close of business on February 18,
1999.
In its notice to Commodore, which Commodore received after the close of
business on February 18, 1999, the Panel noted that Commodore has failed to
comply with the minimum number of market makers (warrants), the $1.00 in
minimum bid price and the minimum market value of public float requirements
for a significant period of time.
The Panel informed Commodore that its securities may immediately be
eligible to trade on the OTC Bulletin Board, and Commodore is taking all
necessary and appropriate steps to qualify its common stock, public preferred
stock and public warrants for quotation on the OTC Bulletin Board.
The Panel informed Commodore that it may submit a written request, within
15 days from February 18, 1999, to the Nasdaq Listing and Hearing Review
Counsel to review the decision rendered by the Panel. Commodore is currently
evaluating its options in this regard.
This press release contains certain "forward-looking statements" which are
subject to a number of risks and uncertainties which could cause actual
results to differ materially from historical results, certain of which are
beyond Commodore's control. These and other risks are set forth in
Commodore's periodic reports filed with the Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934, as amended. The words
"believe," "expect," "should," "anticipate," "will," "may," "potential,"
"intend" and analogous expressions identify forward-looking statements.
SOURCE Commodore Separation Technologies, Inc.
/CONTACT: James M. DeAngelis, 770-422-1518, or Melissa C.
Berkowitz,212-308-5800, both of Commodore Separation Technologies, Inc./
Symbols:
US;COES US;CXI
Source PRN - PR NewsWire
Categories:
NWR/NY NWI/ENV
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