O2Diesel Initiates Listing on the Over the Counter Bulletin Board Following Delisting Notice From the American Stock Exchange
April 25 2008 - 4:49PM
Marketwired
NEWARK, DE today announced that it expects to begin trading on
the OTC Bulletin Board quotation system effective April 28, 2008.
On April 21st, 2008, the company received final notice from the
American Stock Exchange ("AMEX") that the company was to be
delisted. The company submitted a request to the AMEX on April 22nd
asking that they initiate the procedures required to facilitate an
orderly move to trading on the OTC Bulletin Board on April 28th.
The notice stated the hearing panel agreed with the staff's
determination that the Company is not in compliance with Sections
1003(a)(i); (ii); (iii) and (iv) of the AMEX Company Guide. It is
expected that suspension of the company's securities from AMEX will
take place on April 27, 2008.
The Company will issue a press release when it has been informed
of its new trading symbol.
What is the OTC Bulletin Board?
The OTC Bulletin Board� (OTCBB) is a regulated quotation service
that displays real-time quotes, last-sale prices, and volume
information in over-the-counter (OTC) equity securities. An OTC
equity security generally is any equity that is not listed or
traded on Nasdaq� or a national securities exchange. OTCBB
securities include national, regional, and foreign equity issues,
warrants, units, American Depositary Receipts (ADRs), and Direct
Participation Programs (DPPs). For more information, please visit:
http://www.otcbb.com.
More About O2Diesel: The Company and Its Fuel Technology
O2Diesel Corporation (AMEX: OTD) and its U.S. subsidiary
O2Diesel, Inc., is a pioneer in the commercial development of a
cleaner-burning diesel fuel alternative that provides exceptional
performance and environmental qualities for centrally fueled fleets
and off-road equipment of all kinds. Engineered and designed for
universal application, O2Diesel(TM) is an ethanol-diesel blend that
substantially reduces harmful emissions without sacrificing power
and performance. Extensive independent and government-recognized
laboratory and in-use field tests have demonstrated the
effectiveness of O2Diesel(TM) -- the introduction of this
cost-effective, cleaner-burning diesel fuel is now underway in the
United States and other global markets. For more information,
please refer to www.o2diesel.com.
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
O2Diesel Corporation's business, which are not historical facts,
are 'forward-looking statements' that involve risks and
uncertainties. Forward-looking statements are subject to a variety
of risks and uncertainties, which could cause actual events or
results to differ from those, reflected in the forward-looking
statements, including, without limitation, the failure to obtain
adequate financing on a timely basis and other risks and
uncertainties. Actual results could differ materially from those
projected in the forward-looking statements, as a result of either
the matters set forth or incorporated in this report generally or
certain economic and business factors, some of which may be beyond
the control of O2Diesel. These factors include adverse economic
conditions, entry of new and stronger competitors, inadequate
capital, unexpected costs, failure to gain product approval in the
United States or foreign countries for the commercialization and
distribution of our products, failure to capitalize upon access to
new markets and failure in obtaining the quality and quantity of
ethanol necessary to produce our product at competitive prices.
O2Diesel disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events. "O2Diesel" and "CityHome" are
trademarks of O2Diesel Corporation.
Contact: O2Diesel Corporation Alan Rae +1 (302) 266 6000
O2 Diesel (AMEX:OTD)
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