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News Releases - 2003
Home > Investors > News Releases > 2003 >Liquidation World to Delist from NASDAQ National Market
Calgary, April 29, 2003
Liquidation World Inc. (LQW – TSX; LIQWF – Nasdaq) announces it has requested The Nasdaq Stock Market to delist its stock effective the close of business April 30, 2003. The Company will retain its listing on the Toronto Stock Exchange, through the facilities of which, the vast majority of trading in its stock takes place.
"The limited trading activity of the Company's stock on Nasdaq does not warrant the annual costs of listing and filing with the SEC" said Dale Gillespie, Chairman and C.E.O. "Our primary exchange, the Toronto Stock Exchange, is the 8th largest in the world, is well respected and can be accessed for trading from around the globe. We believe this course of action, is on balance, in the best interest of shareholders".
The Company is applying to the Securities and Exchange Commission to terminate its registration and cease its reporting requirements. Liquidation World Inc. will continue to be a reporting issuer in the provinces of Alberta, British Columbia, Ontario and Quebec and all public filings may be found on the SEDAR.com website.
Liquidation World is a liquidator of consumer merchandise through 95 outlets across North America. The Company conducts monthly auctions of a diverse range of merchandise and equipment in the Calgary and Edmonton, Alberta markets and through on-site auctions across North America. Liquidation World solves inventory problems, in a professional manner, for banks, receivers, insurance companies, manufacturers and other organizations, and is committed to providing its customers with outstanding value over a broad range of merchandise. Liquidation World opened its first outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees in outlets across Canada and the U.S.
For more information, please contact:
Dale Gillespie, C.E.O.
Andrew Searby, CA, Executive V.P. and Chief Financial Officer
E-mail: investorinfo@liquidationworld.com
Website: www.liquidationworld.com
Telephone: (403) 250-1222
Fax: (403) 291-1306