Alpha Security Group Corporation Receives Additional Notice from NYSE Amex
* Reuters is not responsible for the content in this press release.
NEW YORK, June 1 /PRNewswire-FirstCall/ -- Alpha Security Group Corporation
(NYSE Alternext US: HDS; HDS-WT; HDS-U) ("Alpha") today announced that Alpha
received a letter on May 28, 2009 from NYSE Amex LLC ("AMEX") indicating that
as a result of the Company's failure to file its Quarterly Report on Form 10-Q
for the period ended March 31, 2009 with the Securities and Exchange
Commission by May 15, 2009 (the deadline for filing its Form 10-Q), the
Company is not in compliance with the AMEX's requirements for continued
listing set forth in Sections 134 and 1101 of the NYSE Amex LLC Company Guide
(the "AMEX Company Guide"), and this constitutes a material violation of its
listing agreement and could serve as an additional basis for delisting the
Company's securities from the AMEX. The Company has previously received
notice from the AMEX that its failure to file an Annual Report on Form 10-K
for the year ended December 31, 2008 constituted a material violation of its
listing agreement and could serve as a basis for delisting the Company's
securities from the AMEX.
Alpha Security is pursuing its liquidation and expects to be in a position to
distribute funds held in trust to its IPO stockholders following completion of
the review of its preliminary proxy statement by the Securities and Exchange
Commission and plans to voluntarily delist its securities from AMEX following
such liquidation. The amount of funds held in trust as of May 29, 2009 was
$60,002,831.
About Alpha Security Acquisition Corporation
Alpha Security Group Corporation is a blank check company whose objective was
to effect a merger, capital stock exchange, asset acquisition or other similar
business combination with an operating business. As of the date of this
release, Alpha Security is pursuing its liquidation.
This press release contains statements which constitute 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.
Investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, and that
actual results may differ materially from those projected in the
forward-looking statements. Alpha Security undertakes no obligation to
publicly update any forward-looking statements for any reason, even if new
information becomes available or other events occur in the future.
SOURCE Alpha Security Group Corporation
Steven Wasserman of Alpha Security Group Corporation, +1-212-877-1588
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters