Consolidated Eco-Systems Inc. Announces Delisting From Nasdaq.LITTLE ROCK, Ark.--(BUSINESS WIRE)--Oct. 14, 1997-- Consolidated Eco-Systems Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :EXSO), today announced that it had received notification from the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. Inc. that, as of market close on Oct. 13, 1997, its stock would no longer continue to be listed for trade on the Nasdaq SmallCap Market. The stock will continue to trade on the Over-The-Counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. . James J. Connors Jr., president and chief executive officer of the company, said, "We're shocked by this decision and strongly disagree with Nasdaq's removal of the listing of our stock from its SmallCap Market. We intend to pursue aggressively the appeals process to which we are entitled under Nasdaq rules." Connors continued by adding, "We believe that Nasdaq's decision is primarily based on the history of this Company and that it is unfair to current shareholders." Consolidated Eco-Systems Inc. (www.consolidatedeco.com) is a diversified technology and service company providing state-of-the-art technical solutions for problems in site remediation, recycling, hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. cleanup services, civil and environmental engineering, management and environmental consulting, and construction/remediation project management. This press release contains forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. These risks and uncertainties are detailed from time-to-time in the company's filing with the Securities and Exchange Commission, including the company's 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. for the year ended Dec. 31, 1996 and on Form 10-Q Form 10-Q See 10-Q. for the quarters ended March 31, 1997 and June 30, 1997. CONTACT: Consolidated Eco-Systems Inc., Little Rock James J. Connors, Jr., 334/621-9989 or Susan Adams, 501/664-7745 |
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