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TRNI Trans-Industries (MM)

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Share Name Share Symbol Market Type
Trans-Industries (MM) NASDAQ:TRNI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Trans-Industries, Inc. Receives Nasdaq Delisting Notification Letter

09/12/2005 10:02pm

PR Newswire (US)


Trans Industries (NASDAQ:TRNI)
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AUBURN HILLS, Mich., Dec 9 /PRNewswire-FirstCall/ -- Trans-Industries, Inc. (NASDAQ:TRNI) today announced receipt of a Nasdaq Staff Determination letter from The Nasdaq Stock Market ("Nasdaq") indicating the Company's securities will be delisted from The Nasdaq Capital Market at the opening of business on December 15, 2005. The Company is not in compliance with Nasdaq's requirements for continued listing because the Company's shareholders equity amount is below the minimum requirement of $2.5 million and accordingly does not comply with Marketplace Rule 4310(c)(2)(B) (the "Minimum Stockholders Equity Rule"). The Company was unable to submit to Nasdaq a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. The Company has decided not to appeal Nasdaq's determination. Accordingly, the Company's securities will be delisted as provided in the Nasdaq Staff Determination letter. The Company intends to investigate the possibility of facilitating the trading of its securities in the Over the Counter Market through the Pink Sheets. About the Company The Company is a leading provider of lighting systems and related components to the mass transit market as well as a supplier of information hardware and software solutions on Intelligent Transportation Systems (ITS) and mass transit projects. ITS utilizes integrated networks of electronic sensors, signs and software to monitor road conditions, communicate information to drivers and help transportation authorities better manage traffic flow across their existing infrastructures. Forward-Looking Statements Except for statements of historical fact, this news release contains certain forward-looking statements about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, management of growth, and other risks noted in the Company's SEC filings, which may cause actual results to differ materially Visit Trans-Industries at http://www.transindustries.com/ . DATASOURCE: Trans-Industries, Inc. CONTACT: Kai Kosanke, Chief Financial Officer of Trans-Industries, Inc., +1-248-364-0400 Web site: http://www.transindustries.com/

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1 Year Trans Industries Chart

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