Butler National Corp. -- Listing Symbol Changed.OLATHE, Kan.--(BUSINESS WIRE)--Nov. 23, 1998--Butler National Corp.'s common stock will continue to be listed on The Nasdaq SmallCap Market via an exception from the minimum bid price requirement. While Butler National Corp. failed to meet this requirement as of Aug. 6, 1998, the company was granted a temporary exception from this standard subject to Butler National Corp. meeting certain conditions. This exception will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on Jan. 18, 1999. In the event the company is deemed to have met the terms of the exception, it shall continue to be listed on The Nasdaq SmallCap Market. The company believes that it can meet these conditions; however, there can be no assurance that it will do so. If at some future date the company's securities should cease to be listed on The Nasdaq SmallCap Market, they may continue to be listed in 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. . For the duration of the exception, the company's Nasdaq symbol will be (BUKSC). Forward-Looking Information: The information set forth above may include "forward-looking" information as outlined in 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. The Cautionary Statements, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , are incorporated herein by reference and investors are specifically referred to such Cautionary Statements for a discussion of factors which could affect the Company's operations and 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. contained herein. Our Business: Butler National Corp. operates in the Aerospace and Services business segments. The Services segment includes electronic monitoring of water pumping The pumping of water is a basic and practical technique, far more practical than scooping it up with one's hands or lifting it in a hand-held bucket. This is true whether the water is drawn from a fresh source, moved to a needed location, purified, or used for irrigation, washing, or stations, temporary employee services and management services for Indian gaming enterprises. Aerospace includes the manufacture of switching equipment for Boeing and structural modification of business aircraft. |
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