PLC Systems' Common Stock to be Delisted from NYSE Alternext and Trade on the OTCBB
04 Noviembre 2008 - 3:15PM
PR Newswire (US)
FRANKLIN, Mass., Nov. 4 /PRNewswire-FirstCall/ -- PLC Systems Inc.
(AMEX:PLC) today announced that on October 29, 2008 it received a
letter from NYSE Alternext US LLC, formerly known as the American
Stock Exchange, indicating that NYSE Alternext will delist PLC's
common stock if the Company does not submit an appeal by November
5, 2008. The Company does not expect to file such an appeal. PLC
expects its common stock to begin to trade on the OTC Bulletin
Board shortly after being delisted from NYSE Alternext. PLC will
make a public announcement about the stock symbol it will be
assigned on the OTCBB as soon as it is determined. As previously
announced, PLC received a notice of failure to meet listing
qualifications dated September 17, 2008 from the Listing
Qualifications Department staff at the American Stock Exchange. The
notice stated that the Company was not in compliance with Section
1003(a)(ii) of the AMEX Company Guide because the Company's
shareholders' equity was less than $4,000,000 as of June 30, 2008,
and it incurred losses from continuing operations and net losses in
three out of its four most recent fiscal years. About PLC Systems
Inc. PLC Systems Inc. is a medical technology company specializing
in innovative technologies for the cardiac and vascular markets.
PLC's newest product, RenalGuard(TM), is approved for sale in the
EU as a general fluid balancing device. The RenalGuard System(TM)
consists of a unique, proprietary, closed loop, software-controlled
console and accompanying single-use sets that can be used by
physicians and nurses to balance patient fluid levels during a
variety of medical procedures. The RenalGuard System, with its
matched fluid replacement capability, is intended to minimize the
risk of over- or under-hydration during medical procedures where
creating and maintaining high urine outputs is deemed beneficial to
patients. Headquartered in Franklin, Massachusetts, PLC pioneered
the CO2 Heart Laser System, which cardiac surgeons use to perform
CO2 transmyocardial revascularization (TMR) to alleviate symptoms
of severe angina. CO2 TMR offers a treatment option for angina
patients who suffer from severe coronary artery disease. The CO2
Heart Laser is the world's first TMR angina relief device cleared
for commercial distribution by both the U.S. Food and Drug
Administration and Japanese Ministry of Health, Labor and Welfare,
and to obtain a CE Mark for European distribution. Additional
company information can be found at http://www.plcmed.com/. This
press release contains "forward-looking" statements. For this
purpose, any statements contained in this press release that relate
to prospective events or developments are deemed to be
forward-looking statements. Words such as "believes,"
"anticipates," "plans," "expects," "will" and similar expressions
are intended to identify forward-looking statements. While we may
elect to update forward-looking statements in the future, we
specifically disclaim any obligation to do so, and you should not
rely on these forward-looking statements as representing our views
as of any date subsequent to the date of this press release. Actual
results could differ materially from those indicated by such
forward-looking statements as a result of a variety of important
factors, including that a trading market may not develop for our
common stock on the OTCBB and additional risk factors described in
our Quarterly Report on Form 10-Q for the quarter ended June 30,
2008, and our other SEC reports. PLC Systems, PLC Medical Systems,
PLC, CO2 Heart Laser, RenalGuard and RenalGuard System are
trademarks of PLC Systems Inc. Contact: Mary T. Conway Conway
Communications 617-244-9682 DATASOURCE: PLC Systems Inc. CONTACT:
Mary T. Conway of Conway Communications for PLC Systems Inc.,
+1-617-244-9682, Web site: http://www.plcmed.com/
Copyright
P L C Systems (AMEX:PLC)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
P L C Systems (AMEX:PLC)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
Real-Time news about Plc Systems, (American Stock Exchange): 0 recent articles
Más de Plc Systems, Artículos de Noticias