Bluefly to Voluntarily Withdraw Boston Stock Exchange Listing; Will Retain Nasdaq Listing.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Bluefly, Inc. (NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for : BFLY BFLY Bluefly Inc. (stock symbol) ), a leading online retailer of designer brands, fashion trends and superior value (www.bluefly.com), announced today its intention to voluntarily withdraw its common stock from listing on the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. . In recent years, virtually all trading of the company's common stock on the Nasdaq Capital Market, rather than the Boston Stock Exchange. Despite this, the company had maintained the Boston Stock Exchange listing, in part, due to certain exemptions from State Blue Sky laws blue sky laws n. laws intended to protect the public from purchasing stock in fraudulent companies that lack substance, such as those selling swamp land, non-existent gold strikes and dry oil wells, or who have no assets besides a post office box. available to issuers listed on the Boston Stock Exchange. However, pursuant to regulations recently enacted by the Securities and Exchange Commission, issuers listed on the Nasdaq Capital Market are exempt from State Blue Sky laws. Accordingly, the company is withdrawing its Boston Stock Exchange listing in order to lower its overall listing fees and eliminate duplicative compliance burdens. The withdrawal from the Boston Stock Exchange is expected to be effective ten days following the filing of a Form 25 with the Securities and Exchange Commission. The Company's withdrawal relates solely to its listing on the Boston Stock Exchange. The Company's common shares will continue to trade 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. on the Nasdaq Capital Market. Due to the Company's continued listing on the Nasdaq Capital Market, the Company's common shares will remain registered with the SEC under Section 12(b) of the Securities Exchange Act of 1934. Accordingly, all periodic and other reports required under the Securities Exchange Act of 1934 will continue to be filed with the U.S. Securities and Exchange Commission. About Bluefly, Inc. Founded in 1998, Bluefly, Inc. (NASDAQ Capital Market: BFLY) is a leading online retailer of designer brands, fashion trends and superior value. Bluefly is headquartered at 42 West 39th Street in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , in the heart of the Fashion District. For more information, please call 212-944-8000 or visit www.bluefly.com. |
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