Z Trim Holdings Regains Compliance With Amex's Continued Listing Standards
28 Februar 2008 - 3:28PM
PR Newswire (US)
MUNDELEIN, Ill., Feb. 28 /PRNewswire-FirstCall/ -- Z Trim Holdings,
Inc. (AMEX:ZTM), announced today that it has received a letter from
Amex stating that the Company has resolved the continued listing
deficiencies referenced in the Amex letter dated August 17, 2007.
Amex's finding was based, in part, on a review of submissions and
representations made by Z Trim Holdings, that it had taken a number
of meaningful internal control enhancements. President Steve Cohen
welcomed the news as an important achievement by management and the
board of directors in their plan to achieve the company's full
potential. "The changes that Z Trim has made to gain compliance
with Amex standards should provide our investors with reassurance
that our company is committed to transparency in governance and to
financial responsibility. We're a stronger company for it," he
said. "While we pledge to be vigilant in adhering to all applicable
rules and regulations, we look forward to re- focusing our efforts
on building a sound business and thereby enhancing shareholder
value." These efforts include: -- Sound strategic planning and
budgeting -- Advancement of plans for the improvement of plant
efficiency -- Expansion upon new and prior sales and marketing
relationships -- Development of new sales and marketing
relationships to mutually beneficial strategic partnerships -- New
product innovation -- Exploration of new markets -- Resolution of
resource-diverting litigation As is the case for all listed
issuers, Z Trim Holdings' continued listing eligibility will be
assessed on an ongoing basis. However, the threat of de-listing
resulting from the notification of non-compliance on August 17,
2007 no longer exists. ABOUT Z TRIM(R) Z Trim,
http://www.ztrim.com/, is a natural functional food ingredient made
from the hulls of grain. Z Trim lowers calories from fats by up to
80% in many foods without negatively affecting taste or texture,
and can substantially reduce harmful trans and saturated fats found
in many foods. Z Trim has wide application in dairy products,
dressings, dips, sauces, baked goods, processed meats, snack foods,
cookies, pies, cakes, icings, brownies, bars, ice cream, milk
shakes and many other foods. Forward-Looking Statements and Risk
Factors Certain statements in this press release are
"forward.looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve a number of risks,
uncertainties and other factors that could cause actual results,
performance or achievements of Z Trim Holdings to be materially
different from any future results, performance or achievements
expressed or implied by these forward.looking statements. Other
factors, which could materially affect such forward.looking
statements, can be found in our filings with the Securities and
Exchange Commission at http://www.sec.gov/, including risk factors
relating to material weaknesses in internal control over financial
reporting, our history of operating losses, lack thus far of
significant market acceptance of our products, the fact that we may
dilute existing shareholders through additional stock issuances,
and our reliance on our intellectual property. Investors, potential
investors and other readers are urged to consider these factors
carefully in evaluating the forward.looking statements and are
cautioned not to place undue reliance on such forward.looking
statements. The forward.looking statements made herein are only
made as of the date of this press release and we undertake no
obligation to publicly update such forward.looking statements to
reflect subsequent events or circumstances. Contact: Brian Chaiken
Voice: 847-549-6002 Email: DATASOURCE: Z Trim Holdings, Inc.
CONTACT: Brian Chaiken of Z Trim Holdings, Inc., +1-847-549-6002,
Web site: http://www.ztrim.com/
Copyright
Z-Trim Holdings, (AMEX:ZTM)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Z-Trim Holdings, (AMEX:ZTM)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
Echtzeit-Nachrichten über Z-Trim Holdings, (Amerikanische Börse): 0 Nachrichtenartikel
Weitere Z-Trim Holdings, News-Artikel