Applica Incorporated Presents Continued Listing Plan to NYSE.MIRAMAR, Fla. -- Applica Incorporated (NYSE NYSE See: New York Stock Exchange :APN APN abbr. advanced practice nurse ) today announced that in accordance with the continued listing criteria set forth by the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , on September 26, 2005, it presented a plan to the NYSE demonstrating how it intends to comply with the continued listing standards. Applica previously announced in a press release dated August 12, 2005 that the NYSE notified it that it was considered "below criteria" because over a consecutive 30-day trading period, its total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. and its 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. were each less than $75 million. In accordance with the continued listing criteria, the NYSE has up to 45 days to either accept or reject the plan. In the event that the NYSE does not accept the plan, Applica would seek an alternate trading market for its common stock. Applica Incorporated and its subsidiaries are marketers and distributors of a broad range of branded small household appliances. Applica markets and distributes kitchen products, home products, pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n products, pet care products and personal care products. Applica markets products under licensed brand names, such as Black & Decker(R), its own brand names, such as Windmere(R), LitterMaid(R), Belson(R) and Applica(R), and other private-label brand names. Applica's customers include mass merchandisers, specialty retailers and appliance distributors primarily in North America, Latin America and the Caribbean. The Company operates a manufacturing facility in Mexico. Additional information regarding the Company is available at http://www.applicainc.com. |
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