T.V.G. Technologies Ltd. Announces Delisting From the Nasdaq Smallcap Market.
REHOVOT, Israel--(BUSINESS WIRE)--Feb. 15, 2001
T.V.G. Technologies Ltd. announced that it has received notification from The Nasdaq Stock Market that the Company's securities were delisted from The Nasdaq SmallCap Market.
Specifically, the Company was advised that it failed, in a February 1, 2001 hearing before a Nasdaq Listing Qualifications Panel, to present a definitive plan that will enable it to evidence compliance with all requirements for continued listing on The Nasdaq SmallCap Market. The Company's Ordinary Shares, Class A Warrants, Class B Warrants and Class C Warrants are currently traded on the National Quotation Bureau's Pink Sheets, under the symbols TVGTF, TVGWF, TVGZF and TVGLF, respectively.
T.V.G. Technologies Ltd. is an Israeli-based high technology company primarily engaged in the design, development, manufacture, marketing and support of software and hardware products involving smart cards.
Statements concerning future prospects are forward looking statements under the federal securities laws which are based on current information and on assumptions, and are subject to other important factors disclosed from time to time in Securities and Exchange Commission filings. There can be no assurances that future results will be achieved, and actual results could differ materially from forecasts and estimates. Future operating results may be affected by a number of other factors, including, but not limited to: historical losses, new business focus, dependence on strategic partners, competition, need for additional financing, dependence on technological and management personnel, and other factors described in our SEC filings.