Riviera Tool Company Announces AMEX Delisting Effective April 19th

GRAND RAPIDS, Mich., April 10  /PRNewswire-FirstCall/ -- Riviera Tool Company (AMEX:RTC) ("Riviera" or the "Company") announced today that it received notice from the American Stock Exchange ("AMEX" or the "Exchange") on March 30 indicating that the Company no longer complies with the Exchange's continued listing standards due to net losses in three out of its four most recent fiscal years, and the resulting deficit of shareholders' equity of less than $4,000,000, as set forth in Section 1003(a) (ii) of the Company Guide, and that its securities are, therefore, being delisted from the Exchange effective on Thursday, April 19th.

The Company will continue to file reports in accordance with the regulations of the Securities and Exchange Commission. The Company intends to apply for listing on the OTC Bulletin Board for its common stock to be quoted for trading on the OTC Bulletin Board.

About Riviera Tool

Riviera Tool Co. (http://www.rivieratool.com/) designs, develops and manufactures large-scale, custom metal stamping die systems used in the high-speed production of sheet metal parts and assemblies for the global automotive industry. A majority of Riviera's sales are to BMW, Nissan, DaimlerChrysler, General Motors Corp., Ford Motor Co. and their Tier One suppliers.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities laws. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological. 

DATASOURCE: Riviera Tool Company



CONTACT:  Pete Kanepa of Riviera Tool Company, [phone]



Web site: http://www.rivieratool.com/

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