SureBeam Corporation Notified of NASDAQ Delisting
October 27 2003 - 3:01PM
PR Newswire (US)
SureBeam Corporation Notified of NASDAQ Delisting SAN DIEGO,
Calif., Oct. 27 /PRNewswire-FirstCall/ -- SureBeam Corporation
today announced that its common stock will be delisted from the
Nasdaq National Market at the opening of trading on October 28,
2003 because the company has not filed periodic reports with the
Securities and Exchange Commission. The company met with a Nasdaq
Qualifications Panel on September 25, 2003 concerning its listing
on Nasdaq. The company was notified of the panel's decision to
delist its stock. Following the delisting, the company's common
stock will continue to be quoted on the National Quotation Service
Bureau (the Pink Sheets) for unsolicited trading. However, the
company's common stock will not be eligible for quotation on the
Over-The-Counter Bulletin Board because it is not current in its
periodic reporting requirements under the Securities Exchange Act
of 1934, as amended. Once the company becomes current in its
reporting, the company's common stock could become eligible for
quotation on the OTC Bulletin Board if a market maker makes an
application to have the shares quoted, and such application is
approved by the Nasdaq Compliance Unit. Headquartered in San Diego,
California, SureBeam Corporation operates processing service
centers located in Glendale Heights, Illinois; Sioux City, Iowa;
College Station, Texas; and Rio de Janeiro, Brazil. The Company is
a leading provider of electron beam food safety systems and
services for the food industry. SureBeam's technology significantly
improves food quality, extends product freshness, and provides
disinfestation that helps to protect the environment. The SureBeam
patented system is based on proven electron beam and x-ray
technology that destroys harmful food-borne bacteria much like
thermal pasteurization does to milk. This technology can also
eliminate the need for toxic chemical fumigants used in pest
control that may be harmful to the earth's ozone layer. "Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained in this release, which are
not historical facts, are 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. Examples of such
forward-looking statements include statements that do not relate
strictly to historical or current facts. These statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the risks associated with the Company's entry into new commercial
food markets that require the company to develop demand for its
product, its ability to access capital markets, the risk that
purchase orders placed with the Company will not result in sales,
and other risks described in the Company's Securities and Exchange
Commission filings. Investor Relations Contact for SureBeam: (858)
795.6296 If you would like to receive press releases via electronic
mail, please contact Press Releases and other SureBeam information
are available on SureBeam Corporation's Web Site:
http://www.surebeam.com/ CONTACT: Investor Relations of SureBeam,
+1-858-795-6296, Web site: http://www.surebeam.com/
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