MPC Corporation Receives AMEX Notice Letter Accepting Its Plan of Compliance

Thursday Jul 3, 01:07 PM PDT NAMPA, Idaho, July 3 /PRNewswire-FirstCall/ -- MPC Corporation today announced that it has received a letter from the American Stock Exchange (AMEX) accepting its plan for regaining compliance with the Exchange's continued listing standards. The AMEX has granted MPC Corporation an extension until November 9, 2009, to regain compliance with its continued listing standards. Previously, the AMEX had notified MPC Corporation that it is out of compliance with Section 1003 (a)(i) of the AMEX Company Guide, in that it has stockholders' equity of less than $2 million and sustained losses from continuing operations and/or net losses in two of its three most recent fiscal years. MPC Corporation will be subject to periodic review by the AMEX staff during the extension period. Failure to make progress... [read full story]