Michael Anthony Jewelers, Inc. Announces Delisting of Common Stock And Application to Suspend Its Duty to File Reports With the
21 February 2004 - 8:05AM
PR Newswire (US)
Michael Anthony Jewelers, Inc. Announces Delisting of Common Stock
And Application to Suspend Its Duty to File Reports With the
Securities and Exchange Commission MT. VERNON, N.Y., Feb. 20
/PRNewswire-FirstCall/ -- Michael Anthony Jewelers, Inc. today
announced that its application filed with the Securities and
Exchange Commission (SEC) to withdraw its Common Stock from listing
and trading on the American Stock Exchange has been granted
effective opening of business February 20, 2004. Effective today,
the Company's shares are no longer traded on the American Stock
Exchange and the Company's Common Stock is now being quoted by Pink
Sheets LLC under the symbol "MAJI". The "Pink Sheets" is a
centralized quotation service that collects and publishes market
maker quotes in real time, primarily through its website,
http://www.pinksheets.com/, which provides stock and bond price
quotes, financial news and information about securities traded. In
addition, the Company announced that it has filed with the SEC on
Form 15 its notice to suspend its duty to file reports under the
Securities and Exchange Act of 1934. The Company expects the
suspension to become effective within 90 days of the filing with
the SEC. As a result of the Form 15 filing, theCompany's obligation
to file with the SEC certain reports and forms, including Forms
10-K, 10-Q and 8-K, have ceased. The Company expects to realize
significant cost savings as a result of being relieved of its SEC
periodic reporting requirements. Michael Anthony Jewelers is a
leading designer, marketer and manufacturer of affordable fine
jewelry, whose customers include jewelry chain stores, discount
stores, department stores, television shopping networks, catalogue
retailers and wholesalers. Except for historical information
contained herein, the matters set forth in this news release are
forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. DATASOURCE: Michael
Anthony Jewelers, Inc. CONTACT: Michael Paolercio, Chief Executive
Officer of Michael Anthony Jewelers, Inc., +1-914-699-0000, ext.
290 Web site: http://www.michaelanthony.com/
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