CORONA DEL MAR, Calif., March 3, 2009 (GLOBE NEWSWIRE) -- ICC Worldwide, Inc. (Pink Sheets:ICCW) today announced that the firm is actively engaged in a process to reinstate its listing on the OTC Bulletin Board (OTCBB). Formerly traded on the OTCBB, in November of 2007 ICC received notification from FINRA (the Financial Industry Regulatory Authority) that due to three delinquencies in its reporting obligations during the previous 24 months, ICC would not be eligible for trading on the OTCBB for a period of 12 months. As a result, since the November, 2007 FINRA notification, ICC's shares have traded on the Pink Sheets Electronic OTC market.
During the period since the FINRA notification, ICC has ensured that all SEC-mandated reports were filed on a timely basis, including the firm's 10-Q quarterly filings, and the audited 10-K filing for ICC's fiscal year-ended September 30, 2008. Reinstatement to the OCTBB requires that ICC be current with all SEC filings for the previous year, and that a Form 211 be filed with the FINRA OTC Compliance Unit by a recognized market maker.
Rich Lauer, ICC's President & CEO stated, "We were naturally disappointed in November of 2007 to learn that ICC's stock had become ineligible for trading on the OTCBB. We understand that our shareholders and other stakeholders were equally disappointed with this development. While grateful for the company's ability to continue trading stock on the Pink Sheets over the past year, we have been focused on ensuring that ICC satisfy the required compliance issues for reinstatement to the OTCBB. We are confident that ICC has now fulfilled those requirements and are actively working with a market maker to submit a form 211 for reinstatement. We expect this document to be filed in a short period of time, and anticipate approval within 60 days of the submission."
About ICC Worldwide:
ICC Worldwide, Inc. (Pink Sheets:ICCW) provides a specialized range of communications services and products to the diverse immigrant worker communities in Italy through a rapidly growing network of wholesale and retail distribution channels. The firm's principal operating units are located in Italy, while ICC's U.S. headquarters is based in the Southern California community of Corona del Mar.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of various Federal securities laws. Those statements may include remarks regarding the intent, belief or current expectations of ICC Worldwide, Inc., as well as the assumptions on which such statements are based. Prospective 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 contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements.
For Investor Inquiries:
Please visit the company's website: www.iccww.com, or e-mail: info@iccww.com Trading Symbol: ICCW.PK ICC Worldwide is a Trademark of ICC Worldwide, Inc. All other trademarks and registered trademarks are properties of their respective owners.