Excelsior-Henderson Common Stock May Trade IN OTC "Pink Sheet".Business Editors BELLE PLAINE Belle Plaine may refer to:
Excelsior-Henderson Motorcycle Manufacturing Company (the "Company") was notified on March 13, 2000 that the Nasdaq Listing Qualifications Panel (the "Panel") determined to delist the Company's securities 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. effective with the open of business on March 14, 2000. At this time, the Company does not intend to appeal the Panel's decision. The Company has been informed that since the Panel's decision, trading in the Company's stock may occur in the "pink sheets" published by National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The Company strongly encourages anyone contemplating investing in its securities to proceed cautiously and only after a careful review of publicly available information. The Company has filed an 8-K with the United States Securities and Exchange Commission, dated March 10, 2000, which includes certain financial information filed with the Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. . At this time, the Company expects it will not file its 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 December 31, 1999, because of its limited court approved operating budget and the unduly burdensome time and expense involved given its limited operations. Notes concerning forward-looking statements: This press release contains forward-looking statements regarding temporarily ceasing manufacturing, and seeking financing or strategic alternatives that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements. There can be no assurance that manufacturing operations will resume, or that sufficient financing or any strategic transactions will be available, or, if available, will be on favorable terms. Investors are also encouraged to review the factors described from time to time in the Company's reports on file with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the fiscal year ended January 2, 1999 and the Company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the Quarterly period ended October 2, 1999. |
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