Semotus Receives Ruling From the American Stock Exchange
LOS GATOS, Calif., Feb. 29, 2008 (PRIME NEWSWIRE) -- Semotus Solutions, Inc. (AMEX:DLK), an innovative leader of software solutions for enterprise mobility, today announced that it was notified on Monday, February 25, 2008 that the American Stock Exchange (AMEX) has determined to delist the Company's Common Stock from the AMEX as soon as practicable. As previously disclosed in the Company's SEC Quarterly Reports on Form 10-QSB, Annual Report on Form 10-KSB and Reports on Form 8-K, the Company was notified in July of 2006 that it did not fully satisfy all of AMEX's requirements for continued listing. Following an oral appeals hearing that was held on February 20, 2008 before the AMEX Listing Qualifications Panel, the panel has determined to delist the Company's Common Stock from the AMEX as soon as practicable.
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