American Community Newspapers Inc. Begins Trading on the Pink OTC Markets Under New Ticker Symbol
November 10 2008 - 9:38AM
PR Newswire (US)
Files Form 15 with SEC DALLAS, Nov. 10 /PRNewswire-FirstCall/ --
American Community Newspapers Inc. (Pink Sheets: ACNI) ("ACN")
today announced that the ACN's common stock, warrants and units are
trading on the Pink OTC Markets, a centralized electronic quotation
service for over-the-counter securities, under the ticker symbols
ACNI.PK, ACNIW.PK and ACNIU.PK, respectively. ACN was formerly
traded on the NYSE Alternext US LLC under the ticker symbol ANE.
Additionally, ACN announced it has filed a Form 15 with the
Securities and Exchange Commission ("SEC") to voluntarily
deregister its common stock, warrants and units under the
Securities Exchange Act of 1934, as amended, and will immediately
suspend filing reports with the SEC, including Forms 10-K, 10-Q,
and 8-K. ACN expects that the deregistration will become effective
on or about February 8, 2009. About American Community Newspapers
Inc. ACN is a community newspaper publisher in the United States,
operating within four major U.S. markets: Minneapolis-St. Paul,
Dallas, Northern Virginia (suburban Washington, D.C.) and Columbus,
Ohio. These markets are some of the most affluent, high growth
markets in the United States, with ACN strategically positioned in
many of the wealthiest counties within each market. ACN's goal is
to be the preeminent provider of local content and advertising in
any market its serves. Forward-Looking Statements This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act, with respect to ACN's
future financial or business performance, strategies and
expectations. Forward-looking statements are typically identified
by words or phrases such as "trend," "potential," "opportunity,"
"pipeline," "believe," "comfortable," "expect," "anticipate,"
"current," "intention," "estimate," "position," "assume,"
"outlook," "continue," "remain," "maintain," "sustain," " seek, "
"achieve," and similar expressions, or future or conditional verbs
such as "will," "would," "should," "could," "may" and similar
expressions. DATASOURCE: American Community Newspapers Inc.
CONTACT: Investors - Corey Kinger, , or Media - Joe LoBello, , both
of Brainerd Communicators, +1-212-986-6667, for American Community
Newspapers Inc.
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