Conversion Services International Provides Notice to Move its Trading Platform off of the American Stock Exchange and Will Seek
14 August 2008 - 10:30PM
PR Newswire (US)
EAST HANOVER, N.J., Aug. 14 /PRNewswire-FirstCall/ -- Conversion
Services International, Inc. (AMEX:CVN), a premier professional
services firm focused on delivering business intelligence and
business process optimization solutions to Global 2000
organizations and other businesses, announced today that the
Company has submitted to the American Stock Exchange notice of its
intent to voluntarily discontinue trading of its common stock, par
value $0.001 per share, from the American Stock Exchange ("AMEX").
The Company has decided upon this course of action due to both the
expense involved in maintaining the listing on the AMEX and the
Company's inability to ensure that it will be able to meet the
minimum requirements for continued listing on the AMEX. Scott
Newman, Chairman, President and CEO, said, "After careful
deliberation, our Board of Directors concluded that the needs of
the Company and its stockholders are better served at this time and
the foreseeable future by moving off of the AMEX trading platform
and will pursue trading of its common stock on the OTC Bulletin
Board." CSI expects no change to its public reporting and plans to
continue to file all reports with the SEC as required by the
Securities Exchange Act of 1934, including quarterly and annual
reports, and its common stock is expected in the ordinary course to
be included for quotation on the OTC Bulletin Board. CSI will
announce the new trading symbol and effective date of trading on
the OTC Bulletin Board when received. About Conversion Services
International, Inc. Conversion Services International, Inc. (CSI)
is a leading provider of professional services focusing on
strategic consulting, data warehousing, business intelligence,
business process reengineering, as well as integration and
information technology management solutions. CSI offers an array of
products and services to help companies define, develop, and
implement the warehousing and strategic use of both enterprise-wide
and specific categories of strategic data. CSI's customers include
ADP, Coach, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley,
and Pfizer. Information about CSI can be found on the web at
http://www.csiwhq.com/ or by calling its corporate headquarters at
888-CSI-5036. Note on Forward-Looking Statements Except for the
historical information contained herein, this press release
contains, among other things, certain forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995 that involve risks and uncertainties. Such statements may
include, without limitation, statements with respect to CSI's
plans, objectives, expectations and intentions and other statements
identified by words such as "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends,"
"plans" or similar expressions. Actual results may differ from
those set forth in the forward-looking statements. These
forward-looking statements involve certain risks and uncertainties
that are subject to change based on various factors (many of which
are beyond CSI's control). CSI undertakes no obligation to update
publicly any forward-looking statements. Media Contact: Tracee Lee
Beebe Conversion Services International, Inc. 973-560-9400
DATASOURCE: Conversion Services International, Inc. CONTACT: Tracee
Lee Beebe of Conversion Services International, Inc.,
+1-973-560-9400, Web site: http://www.csiwhq.com/
Copyright
Conversion Services (AMEX:CVN)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Conversion Services (AMEX:CVN)
Historical Stock Chart
Von Dez 2023 bis Dez 2024