Business
RS Listing Review Initiated by the Toronto Stock Exchange
RS Listing Review Initiated by the Toronto Stock Exchange
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\n Sep. 29, 2010 (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\nCALGARY, Sept. 29 /CNW/ - RS Technologies Inc. ("RS") (RS - TSX), a technology innovator and manufacturer of advanced composite products for infrastructure markets, announced today that it has been notified by the Toronto Stock Exchange ("TSX") that based on RS's financial condition and trading price, among other things, the TSX is reviewing the eligibility for continued listing on the TSX of RS's common shares. RS is being reviewed under the TSX's Remedial Review Process and has been granted 30 days to comply with all requirements for continued listing. If RS cannot demonstrate that it meets all TSX requirements for continued listing, on or before October 28, 2010, RS's common shares will be delisted 30 days from such date.\nRS continues to actively work to secure short and long term funds. As announced in its news release dated September 23, 2010, RS anticipates that it will require additional short term funds or a long term financing solution by early October 2010 in order to continue as a going concern.\nShareholders will be kept advised of the status of RS's TSX listing, and other developments affecting RS, as the process advances.\n\nAbout RS\n\nRS is an ISO 9001:2008 certified technology innovator that develops advanced composite material products for infrastructure markets. The composite products manufactured using the company's proprietary resins and processes are typically lighter, mor...