AASI Moves to OTC Bulletin Board.Business Editors LONG BEACH, Calif.--(BUSINESS WIRE)--April 18, 2001 Advanced Aerodynamics aerodynamics, study of gases in motion. As the principal application of aerodynamics is the design of aircraft, air is the gas with which the science is most concerned. & Structures Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AASI AASI American Association of Snowboard Instructors (affliated with Professional Ski Instructors of America) AASI Abel Assessment for Sexual Interest AASI Automobile Association of South India ) today announced its common stock, previously traded on the Nasdaq National Market, commenced trading today on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . The company said it intends to appeal the delisting to Nasdaq's Listing and Hearing Review Council within the next 15 days. Nasdaq's decision to delist the company is based on the bid price of the company's common stock closing below $1.00 for 30 consecutive trading days, as well as not meeting Nasdaq's net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". requirements. AASI Aircraft currently has 188 JETCRUZER 500 aircraft orders, representing a backlog of US$226 million. The JETCRUZER 500 is a high-speed single engine, corporate propjet aircraft that can accommodate first-class seating for six people, including the pilot. Powered by a Pratt & Whitney propjet engine, the JETCRUZER 500 will cruise near jet speeds of 345 miles per hour at altitudes of up to 30,000 feet. |
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