RS Technologies Com (TSXV:RS.H)
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CALGARY, June 24, 2011 /CNW/ --
CALGARY, June 24, 2011 /CNW/ - RS Technologies Inc. ("RS") (NEX - RS.H), a technology innovator and manufacturer of advanced
composite products for infrastructure markets, announced today that it
has received the requisite shareholder approval for the voluntarily
delisting of its common shares from the NEX board of the TSX Venture
Exchange (the "Exchange"). The Exchange has issued a bulletin approving such delisting and has
advised that as at the close of trading on June 27 2011, the common
shares will no longer be listed on the Exchange. Subsequent to June 27,
2011, the common shares of RS will not be listed and posted for trading
on any marketplace and there will be no public liquid market to trade
the common shares.
About RS
RS is an ISO 9001:2008 certified technology innovator that develops
advanced composite material products for infrastructure markets. The
composite products manufactured using the company's proprietary resins
and processes are typically lighter, more durable and longer-lasting
than competing products made from the traditional building blocks of
wood, steel or concrete. RS's flagship product is its award-winning
RStandard(® )composite pole. The pole is used as transmission and distribution poles
to carry electric grids and as communication structures for various
uses including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the company's website at www.grouprsi.com.
"RStandard" is a registered trademark of RS.
Reader Advisory
Certain information set forth in this news release, including the
intention of RS to apply to voluntarily delist its common shares from
the Exchange, contains forward-looking statements which are based on
RS's current internal expectations, estimates, projections, assumptions
and beliefs, which may prove to be incorrect. Some of the
forward-looking statements may be identified by words such as
"expects", "anticipates", "believes", "projects", "plans" and similar
expressions. These statements are not guarantees of future performance
and undue reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause RS's actual performance in future
periods to differ materially from any projections of future performance
or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, among other things, the
delisting occurring on a different date than disclosed herein. The
forward-looking statements are made as of the date hereof and RS
assumes no obligation to update or revise such statements to reflect
new events or circumstances except as required by applicable securities
laws.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/24/c9181.html
p RS Technologies Inc.br/ Laurien Abel, Investor Relations and Communicationsbr/ Tel: (403) 219-8000 Fax: (403) 219-8001br/ Email: a href="mailto:info@grouprsi.com"info@grouprsi.com/a /p