15 September 2008

XELR8 warned of possible AMEX de-listing

Denver Business Journal
XELR8 Holdings, Inc., a food and nutritional-supplements supplier, has been notified it could face de-listing by the American Stock Exchange unless it comes into compliance with AMEX standards.

The Denver company (AMEX: BZI) said Thursday it was notified that it wasn’t in compliance with the exchange’s listing standards because its stockholder equity was less than $2 million, and also because it had losses from continuing operations and net losses in two of the last three most recent fiscal years.

AMEX told XELR8 it must report by Oct. 6 how it plans to come into compliance with the exchange’s standards within 18 months or face de-listing, the company said.

"We highly value our listing on the AMEX, and shareholders can expect that we’ll properly prepare a compliance plan ... in order to regain full compliance in a timely fashion," John Pougnet, XELR8 CEO, said in a statement.

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