Innovex Delisted From Nasdaq

From August 4, 2008

This is a Press Release edited by StorageNewsletter.com on August 4, 2008 at 3:44 pm

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Innovex, Inc., a large maker of flexible circuits for hard disk drives, announced that on July 31, 2008, the company received a letter informing that the Nasdaq Hearings Panel has determined to delist the company’s common stock from The Nasdaq Stock Market. The Nasdaq Stock Market will suspend trading in the company’s common stock effective with the open of business on Monday, August 4, 2008. Innovex is working with a market maker to complete the application to have its common stock quoted on the OTC Bulletin Board under the symbol ‘INVX.OB.’

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To better understand the reason of the delisting, look at:

Innovex: Fiscal 3Q08 Financial Results
Reduction of revenue from Flex Suspension Assembly moving to its end of life cycle in 2FQ08, and the company explores alternatives for generating additional working capital.