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The Southampton, Pa., maker of flight simulators, hyperbaridc chambers and other equipment said it is in discussionsx to have its stock quoted for tradint on the Over the CounterBulletin ETC’s board of directors decided to delisf the company’s stock from the NYSE Amex becausd the terms of , H.F. Lenfest, won’ allow the company to remainh in compliance with a NYSE Amex rule forcontinuee listing. ETC (NYSE Amex:ETC) said its boards regrets the company couldn’t structurer the financing on terms that woulsd allow it to comply with NYSE Amex continue dlisting rules, but the boardf felt the financing was critical to ETC’s continued operation and growth.
The company said it feel investors will be adequately served by othert alternatives to the NYSE such as the Over the CounterBulletin Board, because of the lighyt trading volume of its stock. ETC also said the delistingt of its common stock will provide it with greaterf corporate flexibility and allow it to deploy more resourcesx to its corebusiness operations. ETC said it intendsz to continue to comply with its reportin obligations under the Securities Exchangee Actof 1934.
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