Rio Vista Energy Partners L.P. Common Units Will Commence Trading in “Pink Sheets” Effective Opening of Bus. on December ...
16 Dezembro 2009 - 9:56PM
Business Wire
Rio Vista Energy Partners L.P. (NASDAQ: RVEP), an energy
services master limited partnership, announced today that effective
opening of business on Thursday, December 17, 2009, Rio Vista’s
common units will commence trading in the “Pink Sheets” and Rio
Vista intends to sponsor Real-Time Level 2 Quotes. On December 15,
2009, Rio Vista received a letter from the Nasdaq Stock Market
(Nasdaq) staff indicating that the Listing Qualifications Panel
(the “Hearing Panel”) determined to deny Rio Vista’s request for
continued listing and would suspend trading of Rio Vista’s common
units effective the opening of business on December 17, 2009. Rio
Vista will still be required to file all required reports with the
Securities and Exchange Commission.
About Rio Vista Energy Partners L.P.
Rio Vista is a master limited partnership engaged in liquid bulk
storage, transloading and transportation of chemicals and petroleum
products through its assets and operations in Hopewell, Virginia.
Penn Octane Corporation (OTCBB: POCC) owns 75% of Rio Vista GP LLC,
the general partner of Rio Vista.
Forward-Looking Statements
Certain of the statements in this news release are
forward-looking statements, including statements regarding the
delisting of Rio Vista’s common units from Nasdaq and the
subsequent trading in the “Pink Sheets”. Upon the delisting of Rio
Vista’s common units from Nasdaq, common unitholders may be
negatively impacted. Additional information regarding risks
affecting Rio Vista’s business may be found in Rio Vista’s most
recent reports on Form 8-K, Form 10-Q and Form 10-K filed with the
Securities and Exchange Commission.
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