Information systems developer Creative Computer Applications will maintain its listing on the American Stock Exchange. The Calabasas, CA, company said that Amex officials have accepted the company’s plan to comply with Amex listing requirements.
Amex officials in May notified CCA that the company might be delisted because it had reported losses from continuing operations in three of its last four quarters, and because shareholder equity had fallen below $4 million. But Amex on June 11 accepted a plan drafted by CCA to return the company to compliance, and granted CCA an extension of up to 18 months to meet the exchange’s listing requirements.
By AuntMinnie.com staff writersJune 17, 2002
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