Thermal breast imaging developer Computerized Thermal Imaging has agreed to remove its common stock from its listing on the American Stock Exchange (AMEX) and will seek to have its common stock quoted on the OTC Bulletin Board (OTCBB).
The company had requested a hearing before an AMEX Listing Qualifications Panel in an effort to appeal the determination to delist the stock from AMEX, but determined that the best interests of CTI and its shareholders would be served by ensuring an orderly transition to the OTCBB, according to the Ogden, UT-based developer.
The last trading day of CTI common stock on AMEX will be March 26, 2004. The firm currently anticipates that the OTCBB will commence quotation of the CTI common stock on Monday, March 29, 2004.
In related news, the company has entered into a letter of commitment with Associated Leasing International in which Associated Leasing will help market CTI's medical and industrial equipment and provide a credit facility of up to $500 million to facilitate sales, CTI said.
By AuntMinnie.com staff writersMarch 26, 2004
Related Reading
CTI class action suit dismissed, April 23, 2003
CTI trims loss, ups revenue in Q2, February 20, 2003
FDA nixes Computerized Thermal Imaging system, January 28, 2003
Thermal breast-imaging device fails to win FDA advisors' support, December 11, 2002
FDA sets new review date for thermal breast imaging system, October 16, 2002
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