Torrance, CA â October 31, 2012 â Enova Systems, Inc. (OTCQB: ENVS and AIM: ENV and ENVS), (the "Company") announced today that the Company's common stock will begin trading today on the OCTQB marketplace under the ticker symbol, ENVS. The OTCQB is a market tier operated by the OTC Market Group Inc. for over-the-counter traded companies that are registered and reporting with the Securities and Exchange Commission ("SEC"). The trading of the Company's common stock on the London Stock Exchange's AIM market continues unchanged under the symbols "ENVS.L" or "ENV.L".
On October 24, 2012, the Company received notification from the NYSE MKT (the "Exchange") stating that, because the Company was not in compliance with certain of the Exchange's continued listing standards, the Exchange intends to strike the common stock of the Company from the Exchange by filing a delisting application with the Securities and Exchange Commission. The Company was further advised that its common stock would be suspended from trading effective at the opening of business on October 31, 2012. The Company anticipates that the delisting will be completed once the Exchange files a Form 25-NSE Notification of Delisting with the SEC.
The delisting from the NYSE MKT and transition to the OTCQB does not change the Company's obligations to file periodic and other reports with the SEC under applicable federal securities laws.
On October 31, 2012, the Company issued a press release regarding its listing on the OTCQB marketplace. A copy of the Company's press release is attached hereto as Exhibit 99.1.
Enova Systems, Inc. |
By: | /s/ /s/ John Micek |
Name: /s/ John Micek | |
Title: Chief Executive Officer |
Exhibit No.
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Description
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EX-99.1
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Press release dated October 31, 2012
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