ABC Dispensing Technologies Inc. Reports Nasdaq Delisting.AKRON, Ohio--(BUSINESS WIRE)--Oct. 8, 1998--ABC Dispensing Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ABCC ABCC Advanced Biomedical Computing Center ABCC Atomic Bomb Casualty Commission ABCC Alcoholic Beverages Control Commission (Massachusetts, USA) ABCC American Board of Clinical Chemistry ABCC Association of British Chambers of Commerce ) today announced that it received correspondence after the close of business on Oct. 7, 1998, from Nasdaq indicating a decision to delist delist To drop a security from trading on an organized exchange. Delisting may occur for a number of reasons including failure to meet an exchange's standards or placement of a new listing on another exchange. Compare list. the company's common stock from The Nasdaq Small Cap Market effective with the close of business on Oct. 7, 1998. On Oct. 8, 1998, the common stock of the company became eligible for trading 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. . This event followed a decision by Nasdaq Listing Qualifications Panel regarding the company's appeal for a temporary exemption from the recently adopted requirements for continued listing on The Nasdaq Small Cap Market. As of today, seven broker-dealers have continued to publish quotations and otherwise make a market in the company's common stock on the OTC Bulletin Board. The company believes other broker-dealers will similarly publish quotations for, and make a market in, the company's common stock. These forward looking statements are subject to a number of risks and uncertainties, and actual results may differ materially. Please refer to our Securities and Exchange Act reports for more information on the risk factors that could cause actual results to differ. ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Dispensing Technologies Inc. provides user-friendly solutions to world-wide customers with needs for fast, precise and reliable measurement and control of high-volume dispensing of beverages, other liquids, paints, powders and other granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. ingredients. |
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