SED International Holdings, Inc. (NYSE MKT: SED), a multinational supply
chain management provider and distributor of leading computer
technology, consumer electronics, and small appliance products, today
announced that it determined to voluntarily delist its Common Stock and
the associated Preferred Stock Purchase Rights from the NYSE MKT. The
trading of SED’s Common Stock is currently halted on the NYSE MKT. The
Board of Directors of SED determined that delisting of SED’s Common
Stock from the NYSE MKT is in the best interests of SED and its
shareholders in light of SED’s existing financial condition.
On November 15, 2013, SED formally notified the NYSE MKT of SED’s
intention to file a Form 25 (Notification of Removal from Listing and/or
Registration under Section 12(b) of the Securities Exchange Act of 1934)
with the Securities and Exchange Commission on or about November 26,
2013 to voluntarily delist its Common Stock and the associated Preferred
Stock Purchase Rights from the NYSE MKT. SED expects that the delisting
will take effect on or about December 9, 2013, following the
effectiveness of SED’s Form 25. SED does not intend to re-list its
Common Stock on another securities exchange, but expects that its Common
Stock will be quoted on the OTC Markets.
Forward Looking Statements
Certain statements made in this press release are “forward-looking
statements.” Such statements involve known and unknown risks,
uncertainties and other factors that may cause SED’s actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. The forward-looking statements
included herein are based on current expectations that involve numerous
risks and uncertainties. SED’s plans and objectives are based, in part,
on assumptions involving judgments with respect to, among other things,
future economic, competitive and market conditions and future business
decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond SED’s control. Any of the
assumptions could prove inaccurate, and, therefore, there can be no
assurance that the forward-looking statements included in this press
release will prove to be accurate. In light of the significant
uncertainties inherent in the forward-looking statements included
herein, particularly in view of the current state of SED’s operations,
the inclusion of such information should not be regarded as a statement
by SED or any other person that SED’s objectives and plans will be
achieved. Factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements include, but are not limited to, the factors set forth under
the heading “Risk Factors” in SED’s Annual Report on Form 10-K and other
SEC reports.
Copyright Business Wire 2013