Leasecomm/Microfinancial to be de-listed?

 

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MicroFinancial Incorporated Announces Non-Compliance Notice

 

WALTHAM, Mass.,) -- MicroFinancial Incorporated (NYSE-MFI), a leader in Microticket leasing and finance, announced today that it has been advised by the New York Stock Exchange (NYSE) that the Company is currently not in compliance with the NYSE's continued listing standards. Specifically, MicroFinancial does not meet the following requirements based on a consecutive thirty (30) day trading period; average market capitalization of not less than $15 million and a share price of not less than $1.00.

In accordance with the continued listing criteria set forth by the New York Stock Exchange, the Company will present to the NYSE within the required 45 days, a plan which management believes has the potential to bring the Company back into compliance with the listing standards within the required timeframes.

 

MicroFinancial Inc. (NYSE: MFI), headquartered in Waltham, MA, and with an additional location in Woburn, MA, is a financial intermediary specializing in leasing and financing for products in the $500 to $10,000 range. The company has been in operation since 1986.

 

 

 

 

CONTACT: MicroFinancial Incorporated

Richard F. Latour, 781/890-0177

 


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