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News

Amex listing plan accepted for Xenonics

Xenonics : 15 April, 2009  (Company News)
Xenonics has received an extension to its plan for being listed on NYSE Amex
Xenonics Holdings has announced that its listing on the NYSE Amex is being continued pursuant to an extension.

As announced on January 29, 2009, Xenonics received notice from the Exchange that the Company is not in compliance with Section 1003(a)(ii) of the Company Guide, with shareholders' equity of less than $4,000,000 and losses from continuing operations and net losses in three out of its four most recent fiscal years. On February 23, 2009, Xenonics submitted a plan addressing how it intends to regain compliance. The Exchange has notified the Company that it accepted the Company's plan of compliance and granted the Company an extension until July 23, 2010 to regain compliance with the continued listing standards. The Company is subject to periodic review by the Exchange Staff during the extension period.

Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE Amex.
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