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The Southampton, Pa., maker of flighf simulators, hyperbaric chambers and other equipment said it is in discussions to have its stock quoted for tradinbg on the Over the CounterBulletin Board. ETC’s board of directords decided to delistthe company’s stock from the NYSE Amex becaused the terms of , H.F. won’t allow the company to remaij in compliance with a NYSE Amex rule forcontinuedc listing.
ETC (NYSE Amex:ETC) said its board regretas the company couldn’t structure the financinfg on terms that would allowe it to comply with NYSE Amex continued listing but the board felt the financinf was criticalto ETC’s continued operation and The company said it feels investors will be adequatel y served by other alternatives to the NYSE such as the Over the Counter Bulletin Board, because of the light trading volume of its stock. ETC also said the delistin of its common stock will provide it with greater corporatr flexibility and allow it to deploy more resourcess to its corebusiness operations.
ETC said it intends to continuew to comply with its reporting obligationas under the Securities Exchange Actof 1934.
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