Riviera Tool Company Receives Notice From American Stock Exchange
GRAND RAPIDS, Mich., Dec. 17 /PRNewswire-FirstCall/ -- Riviera Tool Co. (AMEX:RTC) today announced they have received a Warning Letter from the
American Stock Exchange ("AMEX") for non-compliance regarding late filing of
its SEC Form 10-K and Audit Committee composition requirements.
The AMEX has granted the Company until December 27, 2004 to file their SEC Form
10-K. The Company also received a January 31, 2005 deadline of complying with
the AMEX audit committee requirements of having three independent directors
serving on its audit committee. The Company currently has two independent
directors on its audit committee rather than the requisite three. The Company
is actively seeking an additional Director to satisfy the requirement.
About Riviera Tool Riviera Tool Co. (http://www.rivieratool.com/ ) designs, develops and
manufactures large-scale, custom metal stamping die systems used in the high-
speed production of sheet metal parts and assemblies for the global automotive
industry. A majority of Riviera's sales are to Mercedes-Benz, BMW, Nissan,
DaimlerChrysler, General Motors Corp., Ford Motor Co. and their Tier One
suppliers.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this news release include certain predictions
and projections that may be considered forward-looking statements under
securities laws. These statements involve a number of important risks and
uncertainties that could cause actual results to differ materially, including,
but not limited to economic, competitive, governmental and technological. DATASOURCE: Riviera Tool Co.
CONTACT: Kenneth K. Rieth, CEO of Riviera Tool Company, +1-616-698-2100; or Investor inquiries: Jeff Lambert, +1-616-233-0500, for Riviera Tool Company Web site: http://www.rivieratool.com/
|