Journal Register Company Receives NYSE Delisting Notification
14 Abril 2008 - 4:28PM
Marketwired
YARDLEY, PA announced today that the New York Stock Exchange
(the "NYSE") intends to suspend trading in the Company's common
stock prior to the NYSE's opening on April 16, 2008 and that the
NYSE will commence procedures to delist the Company's common stock.
The NYSE determined to suspend trading based on the abnormally low
trading price for the common stock, which closed at $0.265 on April
11, 2008. The Company does not intend to take any further action to
appeal the NYSE's decision and therefore, it is expected that the
common stock will be delisted after completion by the NYSE of
application to the Securities and Exchange Commission. The Company
expects trading in its common stock will be transferred to the
over-the-counter market following the suspension of trading on the
NYSE.
About Journal Register Company
Journal Register Company is a leading U.S. media company.
Journal Register Company owns 22 daily newspapers and 302 non-daily
publications. Journal Register Company currently operates 229
individual Web sites that are affiliated with the Company's daily
newspapers, non-daily publications and its network of employment
Web sites. These Web sites can be accessed at
www.JournalRegister.com. All of the Company's operations are
strategically clustered in six geographic areas: Greater
Philadelphia; Michigan; Connecticut; Greater Cleveland; and the
Capital-Saratoga and Mid-Hudson regions of New York. The Company
owns JobsInTheUS, a network of 20 employment Web sites.
Safe-Harbor
This release contains forward-looking information about Journal
Register Company that is intended to be covered by the safe harbor
for forward-looking statements provided by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
statements that are not historical facts. These statements can be
identified by the use of forward-looking terminology such as
"believe," "expect," "may," "will," "should," "project," "plan,"
"seek," "intend," or "anticipate" or the negative thereof or
comparable terminology. These forward-looking statements involve a
number of risks and uncertainties, which could cause actual results
to differ materially. These risks and uncertainties include, but
are not limited to statements related to the ability of the
Company's common stock to trade in the over-the-counter market
following suspension of trading on the NYSE. Additional risk
factors are outlined in the Company's most recent Annual Report on
Form 10-K filed with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
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For more information: Journal Register Company 790 Township Line
Road Yardley, PA 19067 Gary Struening Investor Relations Tel: (215)
504-4200 Fax: (215) 504-4201
Journal Register (NYSE:JRC)
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