HUGHES Telematics, Inc. (NYSE Amex: HTC) today announced that it has given formal notice to NYSE Amex, LLC (the �Exchange�) of the Company�s intention to voluntarily delist its common stock, warrants and units from the Exchange and take appropriate actions for its securities to be quoted on the OTC Bulletin Board, a nationally recognized electronic trading market. The Company also currently intends to seek a listing on the NASDAQ or the Exchange before year-end.

As previously disclosed, on April 2, 2009, the Company had been informed by the Exchange that it was not in compliance with the public stockholder requirements of Section 102(a) of the NYSE Amex Company Guide because the Company has fewer than 400 public stockholders, due to its concentrated ownership structure. Following discussions with Exchange staff, the Company�s management, with approval of the Company�s Board of Directors, determined to pursue voluntary delisting from the Exchange and to take appropriate actions for its common stock, warrants and units to be quoted on the OTC Bulletin Board. The Company anticipates that it will provide notification (Form 25) to the Securities and Exchange Commission on or around June 1, 2009. The Company further anticipates that the last day of trading of its common stock on the Exchange will be on or around June 10, 2009, following such time trading will commence on the OTC Bulletin Board.

About HUGHES Telematics

HUGHES Telematics (NYSE Amex: HTC) is a leader in implementing the next generation of connected services for the automobile. Centered on a core platform of safety and security offerings, the company develops and manages vehicle- and driver-centric solutions to enhance the driving and ownership experience. Headquartered in Atlanta, Ga., HUGHES Telematics offers a portfolio of consumer, manufacturer, fleet and dealer services provided through two-way connectivity to the vehicle. Networkfleet, Inc., a wholly owned subsidiary of HUGHES Telematics located in San Diego, Ca., offers remote vehicle diagnostics, an integrated GPS tracking and emissions monitoring system for wireless fleet vehicle management. Additional information about HUGHES Telematics can be found at www.HUGHEStelematics.com.

Cautionary Note on Forward-Looking Statements

Statements regarding future events, occurrences, circumstances, activities, performance, outcomes, beliefs and results, including future plans and objectives, anticipated actions related to the trading of the Company�s common equity, warrants or units and anticipated dates of future occurrences or listings are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although we believe that the forward-looking statements described are based on reasonable assumptions, we can give no assurance that they will prove accurate. All forward-looking statements contained in this release, including any forecasts and estimates, are based on management's outlook only as of the date of this release and we undertake no obligation to update or revise these forward-looking statements, whether as a result of subsequent developments or otherwise.

Hungarian Telephone (AMEX:HTC)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025 Haga Click aquí para más Gráficas Hungarian Telephone.
Hungarian Telephone (AMEX:HTC)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025 Haga Click aquí para más Gráficas Hungarian Telephone.