Enova Systems Common Stock Begins Trading on the OTC Markets
October 31 2012 - 4:00PM
Business Wire
Enova Systems, Inc. (OTCQB: ENVS) (AIM: ENV) (AIM: ENVS), (the
“Company”) announced today that the Company’s common stock will
begin trading today on the OTCQB marketplace under the ticker
symbol, ENVS. The OTCQB is a market tier operated by the OTC Market
Group Inc. for over-the-counter traded companies that are
registered and reporting with the Securities and Exchange
Commission (“SEC”). The trading of the Company’s common stock on
the London Stock Exchange’s AIM market continues unchanged under
the symbols “ENVS.L” or “ENV.L”.
The Company received notification from the NYSE MKT on October
24, 2012 that its common stock would be suspended from trading
effective at the opening of business on October 31, 2012. The
delisting and transition to the OTCQB does not change the Company’s
obligations to file periodic and other reports with the SEC under
applicable federal securities laws.
About OTC Markets Group
Inc.:
OTC Markets Group Inc. (OTCM) operates open, transparent and
connected financial marketplaces for investors to easily trade
almost 10,000 equity and debt securities through the broker of
their choice. OTC Markets Group organizes these securities into
tiered marketplaces to inform investors of opportunities and risks.
OTC Markets Group's data-driven platform enables efficient trading
through any broker at the best possible price and empowers a broad
range of companies to improve the quality and availability of
information for their investors.
About Enova:
Enova Systems (http://www.enovasystems.com) is a leading
supplier of efficient, environmentally friendly digital power
components and systems products. The Company develops, designs and
produces non-invasive drive systems and related components for
electric, hybrid-electric, and fuel cell powered vehicles in both
the “new” and “retrofit” vehicle sales market. For further
information, contact Enova Systems directly, or visit its Web site
at http://www.enovasystems.com.
Additional Information:
This news release contains forward-looking statements relating
to Enova Systems and its products that are intended to be covered
by the safe harbor for forward-looking statements provided by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that are not historical facts. These
statements can be identified by the use of forward-looking
terminology such as “believe,” “expect,” “may,” “will,” “should,’’
“could,” “project,” “plan,’’ “seek,” “intend,’’ or “anticipate’’ or
the negative thereof or comparable terminology and statements about
industry trends and Enova’s future performance, operations and
products. These forward-looking statements are subject to and
qualified by certain risks and uncertainties. These and other risks
and uncertainties are detailed from time to time in Enova Systems’
periodic filings with the Securities and Exchange Commission,
including but not limited to Enova’s annual report on Form 10-K for
the year ended December 31, 2011 and Form 10-Q for the quarterly
period ended June 30, 2012.
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