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STANSBURY HOLDINGS CORP. ANNOUNCES THAT ITS COMMON STOCK WILL NOT BE INCLUDED ON THE NASDAQ

 STANSBURY HOLDINGS CORP. ANNOUNCES THAT ITS
 COMMON STOCK WILL NOT BE INCLUDED ON THE NASDAQ
 LOS ANGELES, Jan. 21 /PRNewswire/ -- Stansbury Holdings Corp. today announced that its common stock will not be included for quotation on the National Association of Securities Dealer's Automated Quotation System (NASDAQ). Due to a delay in the company's completion of the necessary filings with the Securities and Exchange Commission (SEC), the NASD has elected to remove the company's listing until such time the company meets the NASD listing requirements. With exception to the SEC/NASD reporting requirements, the company is in compliance with all necessary listing maintenance requirements.
 The company is appealing the NASD decision and is confident it will promptly complete the necessary filings with the Securities and Exchange Commission. The company and its external auditors, Arthur Andersen & Co., are completing the reviews required to submit these filings.
 The company is currently providing the documentation for inclusion of its common stock on the Over the Counter (OTC) Bulletin Board automated quotation system. While appealing for re-inclusion of its common stock listing on the NASDAQ, the company is confident its securities will qualify for quotation on the OTC Bulletin Board system by Feb. 3, 1992.
 -0- 1/21/92
 /CONTACT: Joseph L. Warnement, 213-413-6080, or Robert Murton, 801-484-2592, both of Stansbury Holdings/ CO: Stansbury Holdings Corp. ST: California IN: FIN SU:


AL-JL -- LA022 -- 2135 01/21/92 18:01 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:235
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