Pacific Office Compliance Plan Accepted by NYSE Amex
July 14 2011 - 11:47AM
Business Wire
Pacific Office Properties Trust, Inc. (NYSE Amex: PCE), a real
estate investment trust owning interests in 45 office buildings
primarily in Hawaii and California, announced today that the NYSE
Amex (the “Exchange”) has accepted the Company’s plan for regaining
compliance with the Exchange’s listing standards (the “Plan”).
The Plan was submitted in response to notification from the
Exchange of the Company’s non-compliance with certain continued
listing standards. With the Exchange’s acceptance of the Plan, the
Company’s listing is expected to continue through October 19, 2012,
by which time the Plan calls for the Company to regain compliance
with all continued listing standards.
About Pacific Office Properties Trust,
Inc.
Pacific Office Properties Trust, Inc.
(www.pacificofficeproperties.com) is a self-administered and
self-managed real estate investment trust that owns and operates
primarily institutional-quality office properties principally in
selected long-term growth markets in southern California and
Hawaii. The Company’s strategy is to acquire, often in partnership
with institutional co-investors, value-added office buildings whose
potential can be maximized through improvements, repositioning and
superior leasing and management.
Certain Information About
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this
statement for purposes of complying with those safe harbor
provisions. Forward-looking statements are not historical
information and are based on current expectations and involve risks
and uncertainties. Without limiting the generality of the
foregoing, words such as “should,” “may,” “will,” “expect,”
“believe,” “anticipate,” “intend,” “could,” “estimate,” “potential”
or “continue,” or the negative or other variations thereof or
comparable terminology, are intended to identify forward-looking
statements. The risks and uncertainties inherent in such statements
may cause actual future events or results to differ materially and
adversely from those described in the forward-looking statements.
Important factors that may cause a difference between projected and
actual results for Pacific Office Properties Trust, Inc. are
discussed in the Company’s filings from time to time with the SEC.
Pacific Office Properties Trust, Inc. disclaims any obligation to
revise or update any forward-looking statements that may be made
from time to time by it or on its behalf.
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