Alpha Hospitality Makes Announcement.NEW YORK--(BUSINESS WIRE)--Jan 5, 1999--Alpha Hospitality Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALHY ALHY Alpha Hospitality Corporation (stock symbol; previously ALH) )(the "Company") announced today it was notified by NASDAQ that the Company has evidenced compliance with all requirements necessary for continued listing on the Nasdaq SmallCap Market. NASDAQ required the Company to evidence a closing bid price of $1.00 per share or more for a minimum of ten (10) consecutive trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. on or before Feb. 11, 1999. This requirement was fulfilled on Dec. 30, 1998. Accordingly, the Company's symbol was changed from ALHYC back to ALHY effective with the open of business today. To the extent the content of this press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to 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 1994, and as such, speak only as of the date made. |
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