NYSE Gives Intelligent Systems Corp. 15 Months To Regain Listing Compliance
As previously disclosed, on December 18, 2008, the exchange notified the company that it was not in compliance with certain continued listing standards with respect to shareholders' equity below $4 million and losses from continued operations in three of its four most recent fiscal years. On January 19, 2009, the company submitted to the Exchange its plan to regain compliance with the applicable continued listing standards.
During the extension period, INS common stock will continue to trade on the exchange with an indicator .BC added as an extension, signifying noncompliance with the continued listing standards. The extension will remain until compliance is regained.
The exchange will periodically review the company's progress and could initiate delisting proceedings with respect to itscommon stock if we fail to make progress or fail to regain compliance before June 18, 2010.
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