Tri-S Security Corp. Announces Receipt of NASDAQ Panel Decision to Delist Common Stock
June 05 2009 - 9:45AM
PR Newswire (US)
ATLANTA, June 5 /PRNewswire-FirstCall/ -- Tri-S Security Corp.
(NASDAQ: TRIS), a provider of security services for government
entities, today announced that it received written notification on
June 3, 2009, that a NASDAQ Listing Qualifications Panel has
determined to delist the Company's securities from The Nasdaq
Capital Market, effective as of the open of business on Friday,
June 5, 2009. The delisting is the result of the Company's failure
to meet the $2.5 million stockholders' equity requirement or one of
the alternative continued listing criteria set forth in NASDAQ
Marketplace Rule 4310(c)(3). The Company has been advised by Pink
OTC Markets Inc., which operates an electronic quotation service
for securities traded over-the-counter, that its securities are
immediately eligible for quotation in the Pink Sheets effective as
of the open of business on June 5, 2009. The Company's common stock
will continue to trade in the Pink Sheets under the symbol TRIS.
The Company's securities may, in the future, also be quoted on the
Over-the-Counter Bulletin Board (the "OTCBB"), an electronic
quotation service maintained by the Financial Industry Regulatory
Authority ("FINRA"), provided that a market maker in the Company's
securities files an application to register and quote the
securities and such application is cleared by FINRA. The Company is
in the process of engaging a market maker and causing the required
application to be filed with FINRA for quotation of the Company's
securities on the OTCBB. About Tri-S Security Corp. Based in
Atlanta, GA, Tri-S Security Corp. is a provider of security
services for government entities. Security services include
uniformed guards, personnel protection, access control, crowd
control and the prevention of sabotage, terrorist and criminal
activities. Tri-S Security assumes responsibility for the
marketing, infrastructure and overall operational performance for
its subsidiaries. Tri-S Security's management leverages highly
trained government officers, experienced industry leaders, proven
financial executives and infrastructure experts to consolidate the
fragmented security industry into one efficient and effective
security force. About Pink OTC Markets Inc. Pink OTC Markets Inc.
operates an inter-dealer electronic quotation and trading system in
the over-the-counter ("OTC") securities market. It is not
registered with the Securities and Exchange Commission (the "SEC")
as a stock exchange or a broker-dealer firm. More information is
available at http://www.pinksheets.com/, http://www.pinkotc.com/ or
http://www.otcqx.com/. About the OTCBB The OTCBB is a quotation
service that displays real-time quotes, last-sale prices, and
volume information in OTC equity securities. It is a quotation
medium for subscribing members, not an issuer listing service. An
OTC equity security generally is any equity that is not listed or
traded on a national securities exchange. OTCBB securities include
national, regional, and foreign equity issues, warrants, units,
ADRs, and Direct Participation Programs. More information is
available at http://www.otcbb.com/. Forward-Looking Statements This
press release includes "forward-looking statements" within the
meaning of the Federal securities laws. Forward-looking statements
are commonly identified by such terms and phrases as "should",
"expects", "plans", "anticipates", "believes", "estimates",
"projects" and other terms with similar meaning indicating
potential impact on our business. Although we believe that the
assumptions upon which such forward looking statements are based
are reasonable, we can give no assurance that these assumptions
will prove to be correct. Important factors that could cause actual
results to differ materially from our projections and expectations
are disclosed in our filings with the SEC, including the "Risk
Factors" section set forth in our Annual Report on Form 10-K for
the year ended December 31, 2008, and the Quarterly Reports on Form
10-Q filed subsequent thereto. All forward-looking statements in
this press release are expressly qualified by such cautionary
statements and by reference to their underlying assumptions. We do
not undertake to publicly update the forward-looking statements
contained herein to conform to actual results or changes in our
expectations, whether as a result of new information, future events
or otherwise. You may obtain and review our filings with the SEC by
visiting http://www.sec.gov/. DATASOURCE: Tri-S Security Corp.
CONTACT: Ronald Farrell of Tri-S Security Corp., +1-678-808-1540
Web Site: http://www.trissecurity.com/
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