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News from Trans-Lux
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26 Pearl Street Norwalk, CT 06850 203.853.4321
FOR IMMEDIATE RELEASE
For Further Information
Contact: Angela D. Toppi
Executive Vice President & CFO
203.642.5903
TRANS-LUX RECEIVES NYSE AMEX NOTICE OF DELISTING
FOR NON-COMPLIANCE
NORWALK, CT., September 21, 2010 - Trans-Lux Corporation (NYSE Amex: TLX), a
leading supplier of programmable electronic information displays, today
announced that the Company received a notice dated September 14, 2010 from the
NYSE Amex ("Exchange") advising that the Company no longer complies with three
of the Exchange's continued listing standards and that its securities are,
therefore, subject to being delisting from the Exchange.
Specifically, the Company is not in compliance with Section 1003(a)(ii) of the
Exchange's Company Guide in that it has stockholder equity at June 30, 2010 of
less than $4.0 million and losses from continuing operations and net losses in
its three of its four most recent fiscal years ended December 31, 2009, Section
1003(a)(iii) of the Exchange's Company Guide in that it has stockholder equity
at March 31, 2010 of less than $6.0 million and losses from continuing
operations and net losses in its five most recent fiscal years ended December
31, 2009 and Section 1003(a)(iv) of the Company Guide in that it is financially
impaired.
The Corporation has appealed this determination and requested a hearing before a
committee of the Exchange. There can be no assurance the Company's request for
continued listing will be granted.
About Trans-Lux
Trans-Lux Corporation is a leading designer and manufacturer of digital signage
display solutions for the financial, sports and entertainment, gaming and
leasing markets. With a comprehensive offering of LED Large Screen Systems,
Fair-Play branded Scoreboards, and Trans-Lux Energy LED lighting solutions,
Trans-Lux Corporation delivers comprehensive digital signage solutions for any
size venue's indoor and outdoor display needs. For more information, please
visit our web site at www.trans-lux.com.
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