Virgin Mobile USA Plan of Compliance Accepted by New York Stock Exchange
16 Janeiro 2009 - 11:00AM
PR Newswire (US)
WARREN, N.J., Jan. 16 /PRNewswire-FirstCall/ -- Virgin Mobile USA
(NYSE: VM), a leading national provider of wireless communications
services, announced today that the New York Stock Exchange has
accepted its business plan to comply with NYSE listing standards.
The plan submitted on a confidential basis to the NYSE included a
discussion of the operational and financial initiatives that Virgin
Mobile USA implemented in 2008, and the projected impact of these
initiatives on the Company's plan of operations for 2009 and 2010.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )
Virgin Mobile USA received notice from the NYSE in November 2008
indicating that it was not in compliance with the NYSE's listing
standards, which require an average market capitalization of at
least $100 million and an average share price of at least $1 a
share. On December 24, 2008, Virgin Mobile USA submitted a plan of
compliance to the NYSE on a confidential basis. In a letter dated
January 15, 2009, the NYSE notified the Company that it has
accepted the plan of compliance and that the Company has until May
2009 to comply with the share price standard and until May 2010 to
comply with the market capitalization standard. The Company will be
subject to periodic review by the NYSE during this period. Virgin
Mobile USA expects to release complete financial results for the
fourth quarter and full year 2008 on March 3, 2009. About Virgin
Mobile USA Virgin Mobile USA, Inc., through its operating company
Virgin Mobile USA, L.P., offers millions of customers control,
flexibility and choice through Virgin Mobile's Plans Without Annual
Contracts and postpaid offerings through Helio By Virgin Mobile,
with national coverage for both powered by the Sprint PCS network.
Virgin Mobile USA is known for its award-winning customer service,
with 90% of its own customers reporting satisfaction. Virgin Mobile
USA allows customers to earn free minutes in exchange for viewing
advertising content online through the innovative Sugar Mama
program. Virgin Mobile USA's full slate of smart, stylish and
affordable handsets are available at approximately 40,000 top
retailers nationwide and online at http://www.virginmobileusa.com/,
with Top-Up cards available at more than 140,000 locations. Helio's
advanced devices like the Ocean and unlimited All-in voice plans
can be explored at http://www.helio.com/. Safe Harbor Statement
This press release contains certain forward-looking statements and
information relating to us that are based on the beliefs of our
management as well as assumptions made by, and information
currently available to, us. These statements include, but are not
limited to, statements about our strategies, plans, objectives,
expectations (financial or otherwise), intentions, expenditures,
and assumptions and other statements contained in this document
that are not historical facts. When used in this press release,
words such as "anticipate," "believe," "estimate," "expect,"
"intend," "plan" and "project" and similar expressions, as they
relate to us are intended to identify forward-looking statements.
These statements reflect our current views with respect to future
events, are not guarantees of future performance, and involve risks
and uncertainties that are difficult to predict. Further, certain
forward-looking statements are based upon assumptions as to future
events that may not prove to be accurate. Many factors could cause
our actual results, performance or achievements to be materially
different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements. The
potential risks and uncertainties that could cause actual results
to differ from the results predicted include, among others, those
risks and uncertainties discussed in our filings with the
Securities and Exchange Commission, copies of which are available
on our investor relations website at
http://investorrelations.virginmobileusa.com/ and on the SEC
website at http://www.sec.gov/. We neither intend nor assume any
obligation to update these forward-looking statements, which speak
only as of their dates.
http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE
http://photoarchive.ap.org/ DATASOURCE: Virgin Mobile USA CONTACT:
Jayne Wallace, Media Relations, +1-908-607-4014, or , Erica Bolton,
Investor Relations, +1-908-607-4108, or , both of Virgin Mobile USA
Web Site: http://investorrelations.virginmobileusa.com/
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