Israel Land Development Corporation Delists From NASDAQ; Company Maintains Listing on Tel Aviv Stock Exchange.Business Editors TEL AVIV, Israel--(BUSINESS WIRE)--June 18, 2001 Israel Land Development Company Limited ("ILDC ILDC Independent Lumber Dealers Co-operative ILDC Incremental Length Diffraction Coefficient ") today announced that the Company chose to delist from the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market Exchange (NASDAQ/NMS:ILDCY). This decision resulted from the Board of Directors careful examination of the decreasing number of ADR ADR - Astra Digital Radio holders. Additionally, the Company's and its subsidiaries' activities remain in Israel and there are no plans to expand to the U.S. "We would like to thank the ADR holders for their unwavering commitment to ILDC and remain focused on expanding on our successes in Israel," stated CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ron Weissberg. ILDC, founded in 1909, maintains a diversified holding portfolio of business enterprises including the publishing of a major Hebrew language daily newspaper, other forms of commercial media, insurance, real estate, development, hotels, leisure products and income properties. |
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