Riviera Tool Company Receives Notice From American Stock Exchange
17 Dezembro 2004 - 8:00PM
PR Newswire (US)
Riviera Tool Company Receives Notice From American Stock Exchange
GRAND RAPIDS, Mich., Dec. 17 /PRNewswire-FirstCall/ -- Riviera Tool
Co. (AMEX:RTC) today announced they have received a Warning Letter
from the American Stock Exchange ("AMEX") for non-compliance
regarding late filing of its SEC Form 10-K and Audit Committee
composition requirements. The AMEX has granted the Company until
December 27, 2004 to file their SEC Form 10-K. The Company also
received a January 31, 2005 deadline of complying with the AMEX
audit committee requirements of having three independent directors
serving on its audit committee. The Company currently has two
independent directors on its audit committee rather than the
requisite three. The Company is actively seeking an additional
Director to satisfy the requirement. About Riviera Tool Riviera
Tool Co. (http://www.rivieratool.com/ ) designs, develops and
manufactures large-scale, custom metal stamping die systems used in
the high- speed production of sheet metal parts and assemblies for
the global automotive industry. A majority of Riviera's sales are
to Mercedes-Benz, BMW, Nissan, DaimlerChrysler, General Motors
Corp., Ford Motor Co. and their Tier One suppliers. Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this news release include certain
predictions and projections that may be considered forward-looking
statements under securities laws. These statements involve a number
of important risks and uncertainties that could cause actual
results to differ materially, including, but not limited to
economic, competitive, governmental and technological. DATASOURCE:
Riviera Tool Co. CONTACT: Kenneth K. Rieth, CEO of Riviera Tool
Company, +1-616-698-2100; or Investor inquiries: Jeff Lambert,
+1-616-233-0500, for Riviera Tool Company Web site:
http://www.rivieratool.com/
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