Protective body armor maker DHB Inds gets notice from AMEX

01 Jul '06

3 min read

Leader in the field of protective body armor DHB Industries Inc announced that it received a notice on June 26, 2006 from the American Stock Exchange, the national securities exchange that maintains the principal listing for the Company's common stock, regarding the staff of the Amex's determination to proceed with the filing of an application with the Securities and Exchange Commission (the "SEC') to strike the common stock of the Company from listing and registration on the Amex.

As previously disclosed, the Company has engaged in extensive discussions and correspondence with the Amex over the last few months regarding the Company's non-compliance with certain of the Amex continued listing standards. Most recently (as previously disclosed), on June 7, 2006, the Company received an additional notice from the Amex stating that, among other things, in order to maintain its Amex listing, the Company must submit an updated plan of compliance to the Amex by June 16, 2006 advising the Amex of the action the Company has taken, or will take, that demonstrates the Company's ability to be in compliance with Sections 134, 1101 and 1003(f)(iii) of the Amex Company Guide (the "Company Guide") by no later than August 15, 2006. Additionally, in order to assist the Amex in its review of the Company's continued listing status and pursuant to the listing agreements by and between the Company and the Amex, and Section 132(e) of the Company Guide, the Amex requested that the Company provide certain supplementary information to the Amex.

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