Medical Staffing Network Holdings, Inc. Receives Notification of Non-Compliance from the New York Stock Exchange
December 09 2008 - 9:15AM
Business Wire
Medical Staffing Network Holdings, Inc. (Company) (NYSE: MRN) today
announced it has been notified by the New York Stock Exchange
(NYSE) that trading of the Company�s common stock on the NYSE will
be suspended effective at the opening of the market on Monday,
December 15, 2008. The decision to suspend trading was the result
of the Company falling out of compliance with the NYSE�s continued
listing standards. The Company is considered below criteria since
its market capitalization was less than $25 million over a 30
trading-day period. Under applicable NYSE procedures, the Company
has 10 days from the receipt of the notice to appeal the decision
with the NYSE; however, at the present time, the Company does not
expect to submit an appeal. The Company is submitting an
application for listing on the OTCQX and expects to commence
trading on that market on Monday, December 15, 2008. The Company
will announce its new ticker symbol for trading on the OTCQX as
soon as it becomes available. Company Summary Medical Staffing
Network Holdings, Inc. is the third largest diversified healthcare
staffing company in the United States as measured by revenues. The
Company is the leading provider of per diem nurse staffing services
and is also a leading provider of travel, allied health and vendor
managed services. This press release includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements include
all statements other than those made solely with respect to
historical fact. These statements involve known and unknown risks,
uncertainties and other factors that may cause the registrant�s
actual results and performance to be materially different from any
future results or performance expressed or implied by these
forward-looking statements. These factors include the OTCQX
approving our application for listing , and other factors, which
can be found in our Form 10-K for the year ended December�30, 2007
and our other filings with the Securities and Exchange Commission.
Forward-looking statements in this press release should be
evaluated in light of these important factors. Although the
registrant believes that these statements are based upon reasonable
assumptions, the registrant cannot provide any assurances regarding
future results. The registrant undertakes no obligation to revise
or update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
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