AMEX to Resume Trading of Signal Technology Stock.DANVERS, Mass.--(BUSINESS WIRE)--Nov. 6, 1998--Signal Technology Corp. (AMEX AMEX See: American Stock Exchange : STZ STZ Steinbeis-Transferzentrum STZ Streptozotocin ) Friday announced that the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. will resume trading of the company's common stock on Monday, Nov. 9. The AMEX halted trading of Signal Technology stock on Aug. 17 pending the company's filing of its second-quarter 1998 Form 10-Q Form 10-Q See 10-Q. , as well as its restated first-quarter 1998 Form 10-Q and its restated Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for 1997. The company completed these filings with the Securities and Exchange Commission on Nov. 4. "We sincerely appreciate the patience and support of the investment community and our shareholders, particularly during the trading halt Trading Halt A pause in the trading of a particular security on one or more exchanges, usually in anticipation of a news announcement or to correct an order imbalance. During a trading halt, open orders may be cancelled and options may be exercised. ," said George Lombard, Signal Technology's chairman and chief executive officer. "Over the past three months, we have made considerable progress in addressing operational problems identified in our audits. We are committed to the continued strengthening of the company and to improving our controls and financial results." Signal Technology plans to announce third-quarter 1998 financial results before the market opens on Monday, Nov. 16. Signal Technology designs and produces sophisticated, state-of-the-art electronic components and systems for a variety of defense, space and communication applications, including communications networks, satellite communications, electronic countermeasures, intelligence and guidance systems. For further information about Signal Technology, visit the company's Web site at http://www.sigtech.com. "Safe Harbor" Statement under 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: The statements made in this news release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development, capacity, supply constraints and other risks detailed from time to time in the company's Securities and Exchange Commission filings. Signal Technology Corp. assumes no obligation to update the information included in this news release. |
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