Anchor Glass Receives Notice of Delisting
August 09 2005 - 5:27PM
Business Wire
Anchor Glass Container Corporation (NASDAQ:AGCC) received notice
from the Nasdaq Stock Market that after reviewing the Company's
press release dated August 8, 2005 announcing that the Company
filed for protection under Chapter 11 of the U.S. Bankruptcy Code
(the Filing), and such other information as is publicly available,
in accordance with Marketplace Rules 4300 and 4450(f), Nasdaq has
determined that the Company's securities will be delisted from The
Nasdaq Stock Market at the opening of business on August 17, 2005,
unless the Company requests a hearing in accordance with the
Marketplace Rule 4800 Series. As a result of the Filing, the fifth
character "Q" will be appended to the Company's trading symbol.
Accordingly, the trading symbol for Anchor's securities, common
stock, $.10 par value, will be changed from AGCC to AGCCQ at the
opening of business on August 10, 2005. About Anchor Anchor Glass
Container Corporation is the third largest manufacturer of glass
containers in the United States. It has eight strategically located
facilities where it produces a diverse line of flint (clear),
amber, green and other colored glass containers for the beer,
beverage, food, liquor and flavored alcoholic beverage markets.
Forward-Looking Statements This press release includes
forward-looking statements. Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate or imply future results, performance or achievements.
Forward-looking statements involve risks and uncertainties faced by
the Company including, but not limited to, economic, competitive,
governmental and technological factors outside the control of the
Company that may cause actual results to differ materially from the
forward-looking statements. These risks and uncertainties may
include the outcome of the Chapter 11 proceedings, the highly
competitive nature of the glass container industry and the intense
competition from makers of alternative forms of packaging;
fluctuations in the prices for energy, particularly natural gas,
and other raw materials; the Company's focus on the beer industry
and its dependence on certain key customers; the seasonal nature of
brewing and other beverage industries; volatility in demand from
emerging new markets; the Company's dependence on certain executive
officers; and changes in environmental and other government
regulations; and actions that may be taken by creditors and
vendors. The Company operates in a changing environment in which
new risk factors can emerge from time to time. It is not possible
for management to predict all of these risks, nor can it assess the
extent to which any factor, or a combination of factors, may cause
actual results to differ materially from those contained in
forward-looking statements. All forward-looking statements are
subject to risks and uncertainties, including without limitation
those identified in the Company's annual report on Form 10-K, which
could cause actual results to differ from those projected. The
company disclaims any obligation to update any forward-looking
statements.
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