VUANCE Voluntarily Delists Stock From the Euronext Exchange
08 Julho 2008 - 9:00AM
Business Wire
VUANCE Ltd. (NASDAQ: VUNC), a leading provider of innovative Radio
Frequency Verification Solutions, including active RFID, electronic
access control, credentialing, accountability and critical
situation management, today announced that the Board of the
Brussels Stock Exchange (Euronext Brussels) approved on June 5,
2008, the application by VUANCE to delist VUANCE shares from the
Euronext Stock Exchange. The delisting will take effect August 4,
2008. The liquidity of VUANCE shares has been limited on the
Euronext Exchange, currently representing a small fraction of the
total trading volume of VUANCE shares globally. In addition, the
request by VUANCE to delist its shares from the Euronext Stock
Exchange will result in reduced expenses to the Company. The
Company�s common stock will continue to trade on the NASDAQ under
the ticker �VUNC.� �We believe this decision will result in
improved liquidity for our shareholders, while reducing our ongoing
corporate expenses,� said Eyal Tuchman, chief executive officer,
VUANCE Ltd. �Management remains squarely focused on maximizing
shareholder value and reducing our fixed expenses, enabling us to
achieve operational break-even by the end of this year.� About
VUANCE Ltd. VUANCE Ltd. develops and markets state-of-the-art
security solutions for viewing, tracking, locating, credentialing,
and managing essential assets and personnel. VUANCE solutions
encompass electronic access control, urban security and critical
situation management systems, as well as long-range Active RFID for
public safety, commercial and government sectors. The Company�s
comprehensive range of products enables end-to-end solutions that
can be employed to successfully overcome the most difficult
security challenges. Its Critical Situation Management System
(CSMS) is the industry�s most comprehensive mobile credentialing
and access control system, designed to meet the needs of Homeland
Security and other public initiatives. VUANCE Ltd. is headquartered
in Rockville, Md. Its common stock is listed on the NASDAQ Capital
Market and on the Euronext Exchange under the symbol �VUNC.� For
more information, visit www.vuance.com. Safe Harbor This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Statements preceded or followed by or
that otherwise include the words �believes,� �expects,�
�anticipates,� �intends,� �projects,� �estimates,� �plans,� and
similar expressions or future or conditional verbs such as �will,�
�should,� �would,� �may� and �could� are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading �Forward Looking Statements� and those factors
captioned as �Risk Factors� in the Company�s periodic reports under
the Securities Exchange Act of 1934, as amended, or in connection
with any forward-looking statements that may be made by the
Company. The Company also disclaims any duty to comment upon or
correct information that may be contained in reports published by
the investment community.
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