AMEX Advises HPI of Their Intent to Delist Health Professionals Inc.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Oct. 9, 1997--Health Professionals Inc. (HPI HPI abbr. history of present illness ) announced that the AMEX AMEX See: American Stock Exchange has advised HPI of their intent to delist Health Professionals Inc. for its failure to meet continued listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . HPI has appealed this determination on the basis of improved revenues, recapitalization and the management changes. Pending a hearing, HPI's common stock continues to trade on the AMEX. A date has not been established for a formal hearing. Health Professionals Inc. forecasts positive earnings for Fiscal Year 1998 based on the combination of reduced operating costs and continued growth. Statements contained in this press release that are not based on historical facts are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. As with any statements other than those reflecting historical fact, forward looking statements contained in this announcement involve uncertainty and risk, and, as such, future financial performance may differ from current expectations due to a variety of market place and company related factors. CONTACT: Health Professionals Inc., Fort Lauderdale Paul Merrigan, 954/766-2552 |
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