Notice of Engex, Inc. (NYSE Amex Symbol - EGX)
January 10 2012 - 4:11PM
PR Newswire (US)
NEW YORK, Jan. 10, 2012 /PRNewswire/ -- Engex, Inc.-Symbol
EGX - On January 5, 2012, Engex, Inc.
(the "Fund") received notice from the NYSE Amex indicating that the
Fund was below certain of the Exchange's continued listing
standards. Specifically, the Fund was not in compliance with
Section 1003(a)(iii) of the Company Guide with stockholder's equity
(as in net assets) of less than $6,000,000 and net losses in its five most recent
fiscal years and Section 1003(b)(v)(A) of the Company Guide in that
its total market value of publicly held shares and net assets are
each less than $5,000,000 for more
than sixty consecutive days. The notice from the NYSE Amex
stated that in order to maintain its listing, the Fund must submit
a plan by February 6, 2012,
addressing how it intends to regain compliance with Section
1003(a)(iii) and 1003(b)(v)(A) of the Company Guide by April 30, 2012.
The Fund is reviewing the notice from the NYSE Amex and
assessing the alternatives available to it.
www.engexinc.com
SOURCE Engex, Inc.
Copyright 2012 PR Newswire
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