AmeriQuest Announces Suspension of NYSE Listing Before the Opening of Trading on Tuesday, March 10, 1998.HORSHAM, Pa.--(BUSINESS WIRE)--March 6, 1998--AmeriQuest Technologies Inc. (NYSE NYSE See: New York Stock Exchange : AQS AQS American Quilter's Society AQS Air Quality Standard AQS Arbeitsgemeinschaft zur Förderung der Qualitätssicherung in der Medizin (Koeln, Germany) AQS Air Quality Subsystem AQS Advanced Quality System AQS AetherQuest Solutions ) Horsham announced Friday that the NYSE, in accordance with its press release on Feb. 23, will suspend trading of the company's Common stock before the opening of trading on Tuesday, March 10, 1998. Following suspension, the NYSE indicated that it expects to make an application to the Securities and Exchange Commission 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 issue. The NYSE's action is based on the fact that the company fell below the NYSE's continued listing criteria related to net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". available to common stock (less than $12 million) and average net income for the last three years (less than $600,000); and aggregate market value of publicly held shares (less than $8 million). The company has applied to list its shares on 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. . The company does not anticipate that it will be accepted for listing by the American Stock Exchange in the near future. However, several brokerage firms have indicated that they will agree to serve as market makers for the company. AmeriQuest is a distributor of computer technology solutions to "value-added" resellers, systems integrators, distributors and computer dealers. CONTACT: Ameriquest Jon Jensen, 215/675-9300 |
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