Advanced Materials Group Inc. Receives Notification From Nasdaq That Stock Is Delisted From Nasdaq SmallCap Market.Business Editors RANCHO DOMINGUEZ, Calif.--(BUSINESS WIRE)--Dec. 14, 2000 Advanced Materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, Group Inc. (Nasdaq:ADMG ADMG Adaptive Differentiated-Service Multicast Gateway ADMG Air Defense Machine Gun ) today announced that it has been notified by the Nasdaq Qualifications Hearing Panel of its decision to delist the Company's common stock from the Nasdaq SmallCap Market effective with the open of business on Dec. 14, 2000. The Company expects that its common stock will be immediately eligible to trade on the NASD-regulated 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. . On Nov. 10, 2000, the Company announced that its board of directors had authorized a reverse stock split as part of its plan for continued compliance with the Nasdaq SmallCap 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. . In light of the Hearing Panel's decision to delist the Company's common stock, the Company will not proceed with this reverse stock split. Advanced Materials Group Inc. is a leading manufacturer and fabricator of specialty foams, foils, films and pressure-sensitive adhesive components for a broad base of customers in the computer, medical, automotive and aerospace industries both in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. Certain of the statements contained in this news release may be deemed forward-looking statements in accordance with 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. Such statements and other matters addressed in the press release involve a number of risks and uncertainties. Among the factors that could cause actual plans to differ materially from these statements and other matters are the risks and factors detailed, from time to time, in the Company's reports with the U.S. Securities and Exchange Commission. |
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