Zoom Technologies Inc. (ZTNO): Voluntary delisting. So long ZOOM. "...

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ZombieSecurityAgent

Re: None

Thursday, 09/18/2014 11:17:42 AM

Thursday, September 18, 2014 11:17:42 AM

Voluntary delisting. So long ZOOM.

"2:07 am ZOOM Technologies announces intent to voluntarily delist from NASDAQ (stock has been halted since 08/20) (ZOOM) : Co announced that it intends to seek a voluntary delisting from the NASDAQ Capital Market.

The voluntary decision to delist from NASDAQ was taken following the Board of Director's detailed review of numerous factors, including: the Company's inability to timely file its periodic reports with the SEC and a letter from Nasdaq dated August 20, 2014 regarding the same, and the likelihood that the Company no longer qualifies as an operating company and therefore no longer meets the requirements to remain a Nasdaq-listed company."

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