eMagin to Appeal Notice of De-listing From AMEX
11 Enero 2007 - 6:55PM
Business Wire
eMagin Corporation (AMEX: EMA), announced today that on January 5,
2007, it received notice from the American Stock Exchange
indicating that AMEX intends to strike the Company锟絪 common stock
from listing on AMEX by filing a delisting application with the
Securities and Exchange Commission. In its letter, AMEX stated that
it has determined that the Company has failed to comply with
continued listing standards set forth in Sections 1003(a)(ii) and
1003(a)(iii) of the AMEX Company Guide, respectively, which state,
in relevant part, that AMEX will normally consider suspending
dealings in, or removing from the list, securities of a company
which (a) has stockholders' equity of less than $4,000,000 if such
company has sustained losses from continuing operations and/or net
losses in three of its four most recent fiscal years; or (b) has
stockholders' equity of less than $6,000,000 if such company has
sustained losses from continuing operations and/or net losses in
its five most recent fiscal years, respectively. The AMEX rules
provide for an appeal of the above decision which the Company has
made by requesting a hearing in accordance with appropriate
procedures as outlined by the AMEX Company Guide, and has requested
AMEX锟絪 approval to continue trading on the exchange during the
appeal process. If unsuccessful on appeal, the Company intends to
continue to trade on the Over-the-Counter Bulletin Board. About
eMagin Corporation A leader in personal display systems and OLED
microdisplay technologies, eMagin integrates high-resolution OLED
microdisplays, magnifying optics, and systems technologies to
create a virtual image that appears comparable to that of a
computer monitor or a large-screen television. eMagin's OLED
displays have broad market reach and are incorporated into a
variety of near-to-eye imaging products by military, industrial,
medical and consumer OEMs, who choose eMagin's award-winning
technology as a core component for their solutions. eMagin's first
personal display system, the Z800 3DVisor provides superb 3D
stereovision and headtracking for PC gaming, training and
simulation, and other applications. It won the CEA's Innovation of
Year award in the digital display category and won additional
recognition in the electronic gaming category. eMagin's
microdisplay manufacturing and R&D operations are co-located
with IBM on its campus in East Fishkill, New York. System design
facilities and sales and marketing are located in Bellevue,
Washington. A sales office is located in Tokyo, Japan. For
additional information, please visit www.emagin.com and
www.3dvisor.com. Note: eMagin and 3DVisor are trademarks of eMagin
Corporation.
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