RS Announces TSX Delisting and Intention to Apply for Alternative Listing

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[{"type":"text","content":"\n\n\n\n Feb. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Feb. 11 /CNW/ - RS Technologies Inc. ("RS" or the "Company")\n (RS - TSX), a technology innovator and manufacturer of advanced\n composite products for infrastructure markets, announced that it\n received a letter today from the Toronto Stock Exchange (the "TSX")\n stating that RS's common shares will be delisted from the TSX effective\n at the close of market on March 15, 2011. While the Company will\n endeavor to meet the continued listing requirements of the TSX prior to\n the delisting date, the Company also intends to make application for\n listing of its common shares on the TSX Venture Exchange (the "TSXV")\n or another recognized stock exchange to ensure continued and seamless\n trading liquidity for shareholders. The Company anticipates that a\n transfer of its stock exchange listing to the TSXV or another\n recognized stock exchange would occur on or about the TSX delisting\n date.\n\n\nAs previously announced on September 28, 2010, the Company was subject\n to a delisting review by the TSX as a result of RS's financial\n condition, trading price and disclosure issues. The decision of the TSX\n to delist RS's common shares is based on RS's failure to meet the\n continued listing requirements of the TSX.\n\n\nAbout RS\n\n\nRS is an ISO 9001:2008 certified technology innovator that develops\n advanced composite material products for infrastructure markets. ...

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