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MPC Receives AMEX Notice Letter
Wednesday, May 14, 2008
NAMPA, Idaho, May 14 /PRNewswire-FirstCall/ -- MPC Corporation (Amex: MPZ)
announced today that it has received a notice letter from the American Stock
Exchange (AMEX). The AMEX notice indicates that MPC is not in compliance with
Rule 1003(a)(i) of the AMEX Company Guide in that it has stockholders' equity
of less than $2 million and has sustained losses from continuing operations
and net losses in two of its three most recent fiscal years. The AMEX notice
requires that MPC submit to the AMEX by June 9, 2008 its plan to bring the
company into compliance with listing standards by November 9, 2009. MPC is in
the process of preparing this plan that it intends to submit to AMEX by the
June 9, 2008 deadline. If MPC does not submit a plan, or if the plan is not
accepted by AMEX, the company will be subject to delisting procedures. More
information concerning the AMEX notice can be found in the Form 8-K filed
today by MPC.
About MPC Corporation
MPC Corporation (AMEX: MPZ), a major U.S. PC vendor since 1991, provides
enterprise IT hardware solutions to mid-size businesses, government agencies
and education organizations. With its October 2007 acquisition of Gateway's
Professional business, MPC Corporation became the only top-10 U.S. PC vendor
focused exclusively on the $43 billion Professional PC market. For more
information, visit MPC online at http://www.mpccorp.com.
Cautionary Statement
Certain statements in this press release are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements involve a number
of risks, uncertainties and other factors that could cause actual results,
performance or achievements of MPC Corporation to be materially different
more from any future results, performance or achievements expressed or implied
by these forward-looking statements. Forward-looking statements in this press
release include statements regarding preparation of a plan for submission to
Amex on or before June 9, 2008. There can be no assurance that Amex will
accept the plan that will be submitted by MPC, that MPC will make progress
consistent with the plan, or that MPC will be able to continue its listing on
Amex. Other factors, which could materially affect such forward-looking
statements, can be found in MPC Corporation's filings with the Securities and
Exchange Commission, including risk factors at http://www.sec.gov. Investors,
potential investors and other readers are urged to consider these factors
carefully in evaluating the forward-looking statements and are cautioned not
to place undue reliance on such forward-looking statements. The
forward-looking statements made herein are only made as of the date of this
press release and MPC Corporation undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or circumstances.
SOURCE MPC Corporation
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