eLinear Solutions Regains Compliance with Amex.HOUSTON -- eLinear, Inc. (AMEX AMEX See: American Stock Exchange :ELU ELU Environmental Load Unit ELU Expeditionary Logistics Unit (US Navy) ) announced today it has received a formal notification from the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. indicating that the delisting procedures that were in effect due to the company's delinquency in filing its 2005 annual report and 2006 Q1 financial statements have now been cancelled. Quoted directly from the American Stock Exchange correspondence to eLinear: "The staff of the Listing Qualifications Department of the Amex has advised the Amex Hearings Department that the company has regained compliance with Sections 134 and 1101 of the Amex Company Guide. Consequently, the staff has recommended to the Hearings Department that the meeting to consider the company's appeal of the delisting in connection with non-compliance with these sections of the Company Guide be cancelled, and we concur with that recommendation." Tommy Allen Thomas David (Tommy) Allen (born 4 September 1984 in Norwich, Norfolk)[1] is a speedway rider in the United Kingdom, riding with the Rye House Rockets in the Premier League. Tommy won the Premier League Championship in 2005 with his current club, and again in 2007. , 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. of eLinear, stated, "We are very pleased as a management team and as a company to have successfully navigated through the issues outstanding with the American Stock Exchange. Personally, as eLinear's largest shareholder, I am thankful to have this cloud of uncertainty with the continued listing of ELU on the American Stock Exchange removed. From this point forward, now that we are able to fully focus on operations, we will get eLinear back on track." About eLinear, Inc. eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint (based in Dubai) and has its headquarters in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . For more information, see http://www.elinear.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains statements that may constitute forward-looking statements, including the company's ability to realize the projected revenues from the newly announced project orders and the future strength of the company's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about eLinear please visit www.elinear.com or www.sec.gov. eLinear undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion