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Andrea Electronics Announces Suspension of Trading on AMEX and Expected Quotation on the OTC Bulletin Board.


MELVILLE, N.Y. -- Andrea Electronics Corporation (AMEX AMEX

See: American Stock Exchange
: AND - News) announced today that it has been informed by the staff of 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.
 ("AMEX"), that, prior to the market opening on December 16, 2004, the AMEX will suspend trading of Andrea's common stock. The AMEX indicated that it will thereafter commence proceedings with the Securities and Exchange Commission to delist Andrea's common stock.

As previously announced, Andrea received notice, on December 1, 2004, from the staff of the AMEX indicating that the staff had determined that the Company no longer complied with AMEX's continued listing standards due to the Company having shareholders' equity Shareholders' Equity

A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares.
 below $6.0 million and sustained losses from continuing operations and net losses during the Company's five most recent fiscal years, as set forth in AMEX Company Guide Section 1003(a)(iii).

Subject to the interest of market makers, Andrea's common stock is expected to be quoted on the 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.
. Andrea's common stock will be quoted on the OTC Bulletin Board under the new ticker symbol "ANDR ANDR Anhydrite (lithological term)
ANDR Additional National Design Requirement
." Investors should be aware that trading in Andrea's common stock through market makers and quotation on the OTC Bulletin Board may involve risk, such as trades not being executed as quickly as when the common stock was listed on the AMEX.

About Andrea Electronics

Andrea Electronics Corporation designs, develops and manufactures audio technologies and equipment for enhancing applications that require high performance and high quality voice input. The Company's patented Digital Super Directional Array (DSDA DSDA Defence Storage & Distribution Agency (UK Ministry of Defence)
DSDA Danish Securities Dealers Association
DSDA Doomed Speed Demos Archive
DSDA Debt Service Deposit Agreement
DSDA Document Storage and Data Archiving
(R)), patent-pending Directional Finding and Tracking Array (DFTA DFTA Department for the Aging
DFTA Dynamic Fault-Tree Analysis
(R)), patented PureAudio(R), and patented EchoStop(TM) far-field microphone technologies enhance a wide range of audio products to eliminate background noise and ensure the optimum performance of voice applications. Visit Andrea Electronics' website at www.AndreaElectronics.com or call 1-800-707-5779.

This press release contains certain forward looking statements made pursuant to the safe harbor provisions 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. Such statements are subject to certain risks and uncertainties. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which reflect management's analysis only as the date made. The Company does not undertake any obligation to publicly revise these forward looking statements to reflect events or circumstances that arise after the date of such statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 15, 2004
Words:383
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