LYNDHURST, N.J., April 2, 2019 /PRNewswire/ -- CCA Industries,
Inc. (NYSE AMERICAN: "CAW" or the "Company"), announced today that
on April 2, 2019, the Company filed a
Form 25 Notification of Removal from Listing with the U.S.
Securities and Exchange Commission (the "SEC") in connection with
its previously announced plan to voluntary delist its common stock,
$0.01 par value, and Class A common
stock, $0.01 par value (together, the
"Common Stock"), from the NYSE American.
The Company expects delisting to occur effective April 12, 2019, at which time the Common Stock
will no longer be traded on the NYSE American. The Common
Stock may continue to be traded on the OTC pink sheets, so long as
market makers and broker-dealers demonstrate an interest in trading
in the Common Stock. However, the Company cannot guarantee
that a trading market in the Company's Common Stock through the OTC
pink sheets will commence or be maintained. There can be no
assurance that any broker-dealer will continue to quote the Common
Stock on the OTC pink sheets.
As previously announced, the Company intends to file a Form 15
with the SEC on or about April 12,
2019 to request deregistration of the Common Stock under
Section 12(g) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). Immediately upon the filing of Form 15,
the Company's obligation to file certain periodic reports with the
SEC, including Forms 10-K, 10-Q and 8-K, will be immediately
suspended. The Company intends to provide certain quarterly
and annual information regarding its performance through postings
to its website (https://www.ccainvestor.com) following
deregistration.
About CCA Industries, Inc.
CCA Industries, Inc. manufactures and markets health and beauty
aids, each under its individual brand name. The products
include, principally, "Plus+White" toothpastes and teeth whiteners,
"Bikini Zone" medicated topical and shave gels, "Nutra Nail" nail care treatments, "Scar Zone"
scar treatment products, "Sudden Change" complete skin care regime
and "Porcelana" skin care product.
Forward Looking Statements
Statements contained in the news release that are not
historical facts are forward looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties, including those discussed in the Company's filings
with the SEC, which would cause actual results to differ materially
from anticipated results. Such forward-looking statements
may be identified by the use of words such as "believe," "expect,"
"anticipate," "intend," "should," "planned," "estimated" and
"potential," or other similar terms. These forward-looking
statements relate to, among other things, expectations regarding
the Company's anticipated delisting and deregistration, the
business environment in which the Company operates, projections of
future performance, perceived opportunities in the market,
potential future credit experience, and statements regarding the
Company's strategies. These forward-looking statements are based
upon current management expectations and may, therefore, involve
risks and uncertainties. The Company's actual results, performance
or achievements may differ materially from those suggested,
expressed or implied by forward-looking statements as a result of a
wide variety or range of factors that include, without limitation,
the Company's ability to timely and effectively implement its
delisting and deregistration plans; potential adverse effects on
share price and liquidity following delisting and deregistration;
and the potential difficulty for market makers or brokers to
make a market in the Common Stock, if they desire to do so,
following delisting and deregistration. No assurance
can be given that the results in any forward-looking statement will
be achieved and actual results could be affected by one or more
factors, which could cause them to differ materially.
Therefore, these factors should be considered in evaluating the
forward-looking statements, and undue reliance should not be placed
on such statements. For these statements, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act.
The Company undertakes no responsibility to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required to do so by
law.
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SOURCE CCA Industries, Inc.