[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
News01 (4212UmGy0-620QkC@15) (fwd)
From tradinginfo124438@yahoo.com Tue Jan 1 21:30:09 2002
Return-Path: <tradinginfo124438@yahoo.com>
Received: (from uucp@localhost)
by talas.ol.sub.de (8.11.6/8.11.2) with UUCP id g01KU8F21045
for hal@caty.ol.sub.de; Tue, 1 Jan 2002 21:30:08 +0100
Received: from ns1.dweb.de ([62.208.57.37])
by subnet.sub.net (8.11.6/8.11.6/subnet-freebsd-1.0) with ESMTP id g01K7Qv16984
for <hal@caty.ol.sub.de>; Tue, 1 Jan 2002 21:07:26 +0100 (CET)
(envelope-from tradinginfo124438@yahoo.com)
Received: from yahoo.com ([211.114.33.132])
by ns1.dweb.de (8.10.2/8.9.3) with SMTP id g01K7Ir17689
for <lubitz@linuxservice.de>; Tue, 1 Jan 2002 21:07:19 +0100
Date: Tue, 1 Jan 2002 21:07:19 +0100
X-Authentication-Warning: ns1.dweb.de: Host [211.114.33.132] claimed to be yahoo.com
Reply-To: <tradinginfo124438@yahoo.com>
Message-ID: <002c43a23dce$1487b1e1$2ac78ca1@ltnkyy>
From: <tradinginfo124438@yahoo.com>
To: Investor@ns1.dweb.de
Subject: News01 (4212UmGy0-620QkC@15)
MiME-Version: 1.0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 8bit
X-Priority: 3 (Normal)
X-MSMail-Priority: Normal
X-Mailer: AOL 7.0 for Windows US sub 118
Importance: Normal
Monday December 31, 8:30 am Eastern Time
Press Release
SOURCE: Guardian Technologies International
Guardian Receives Notice of Continued Listing of its Securities on The Nasdaq SmallCap Market
CAREFREE, Ariz.--(BUSINESS WIRE)--Dec. 31, 2001--Guardian Technologies International, Inc. (Nasdaq:GRDN - news), announced today that it has been formally notified by NASDAQ that the Company's securities will continue to be listed on The Nasdaq SmallCap Market.
The Company had previously been notified by Nasdaq that it faced potential delisting of its securities for failure to maintain net tangible assets of $2M. In August, the Company attended an oral hearing before a Nasdaq Listing Qualifications Panel (the ``Panel'') at which time the Company presented evidence of net tangible assets in excess of $2M and pro-forma financial information demonstrating future compliance with this listing requirement. Following the hearing, the Panel requested and the Company supplied additional information pertaining to certain assertions made by the Company at the oral hearing. The Company's continued listing of its securities on The Nasdaq SmallCap Market is predicated on the completion of certain administrative matters, demonstrating compliance with the net tangible asset requirement of $2M as of December 31, 2001, and the continued satisfaction of all other listing requirements.
``We are very pleased with the decision of the Panel'', stated J. Andrew Moorer, President and CEO. ``We have taken many steps during the past year to maintain compliance with the requirements of our Nasdaq listing. I firmly believe that the continued listing of our securities on The Nasdaq SmallCap Market, coupled with our business strategy of increasing revenues and profits through internal growth and acquisition provides the greatest opportunity to enhance shareholder value'', concluded Moorer.
ABOUT GUARDIAN
Guardian, through its wholly-owned subsidiary Guardian Security & Safety Products, Inc. (GSSP), serves the law enforcement, security and military communities and the global security industry. GSSP's majority-owned subsidiary, ForceOne, LLC, manufactures a variety of high-end ballistic protective equipment including patented personal protection devices commonly referred to as body armor. Guardian, through its wholly-owned subsidiary Guardian Steel, is engaged in structural steel fabrication and provides among its products, structural steel used primarily in military base refurbishments and other projects under Federal contract.
The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-QSB for the quarter ended September 30, 2000 and its report on Form 10-KSB for the year ended December 31, 1999, may affect the results achieved by the Company.
[4212UmGy0-620QkCu6871OgYr0-232@28]
--
Spamfilter: spam magnet and regexp collector / blocker
Archive: http://mail.nl.linux.org/spamfilter-report/
Website: http://spamfilter.nl.linux.org/