ICTS International N.V. Notice of Delisting of Common Stock on the Nasdaq National Market
July 21 2006 - 12:15PM
Business Wire
ICTS International N.V. (NASDAQ: ICTS), today reported that on July
19, 2006 the Company received notice from the Nasdaq Stock Market
that it was delisting the securities of the Company because the
Company had not filed it's annual report on Form 20-F for the
period ended December 31, 2005 as required by Marketplace Rule
4320(e)(12). The Company intends to notify the staff of the Nasdaq
Stock Market that it was appealing the staff's determination to a
Listings Qualification Panel. The Nasdaq Stock Market will notify
the Company when a hearing on the Company's appeal will be held.
According to the Rules, the delisting process will be stayed until
the Listings Qualification Panel makes a decision on the Company's
appeal. About ICTS International N.V. ICTS specializes in the
development and implementation of innovative security concepts and
solutions designed to meet the needs of a variety of industries,
mainly including transportation (aviation, railroad and other means
of public transportation), border control and sensitive facilities.
ICTS International benefits from over two decades of expertise and
international operational experience in transportation security,
with a particular emphasis on high-risk environments, passenger
processing transactions and the integration of security services to
provide a comprehensive security solution. It also offers a wide
variety of customized training programs, tailored procedures and a
wide range of security consulting services. The company has
developed and implemented unique technological solutions, based on
its comprehensive approach to security, designed to enhance the
level of security while accelerating the security check process.
www.icts-int.com This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, regarding the Company's business strategy and
future plans of operations. Forward-looking statements involve
known and unknown risks and uncertainties, both general and
specific to the matters discussed in this press release. These and
other important factors, including those mentioned in various
Securities and Exchange Commission filings made periodically by the
Company, may cause the Company's actual results and performance to
differ materially from the future results and performance expressed
in or implied by such forward-looking statements. The
forward-looking statements contained in this press release speak
only as of the date hereof and the Company expressly disclaims any
obligation to provide public updates, revisions or amendments to
any forward-looking statements made herein to reflect changes in
the Company's expectations or future events.
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