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Conversion Services International Reports Notice Regarding AMEX Listing Standards
EAST HANOVER, N.J., July 7, 2006 - Conversion Services International, Inc. (AMEX:CVN), a premier professional services firm focused on delivering the value in business intelligence, data warehousing and data management solutions to Global 2000 organizations and other businesses, announced today that it received notice from the Staff of the American Stock Exchange indicating that the Company is below certain of the Exchange's continued listing standards as set forth in Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iv) of the AMEX Company Guide. The Company was afforded the opportunity to submit a plan of compliance to the Exchange by July 31, 2006 that demonstrates the Company's ability to regain compliance with Section 1003 of the AMEX Company Guide within 18 months. If the Company does not submit a plan or if the plan if not accepted by the AMEX, the Company will be subject to delisting procedures as set forth in Section 1010 and part 12 of the Company Guide.
In order to maintain its AMEX listing, the Company will submit a plan by July 31, 2006, advising the AMEX of actions it will take to bring the Company into compliance with the continued listing standards within a maximum of 18 months. The Company's Common Stock continues to trade on AMEX; however, the trading symbol will remain the same but will have an indicator .BC added as an extension to signify noncompliance with the continued listing standards. Within five days of the June 30, 2006 letter from AMEX, the Company will be included in a list on the AMEX website of issuers that do not comply with the listing standards. The .BC indicator will remain as an extension on our trading symbol until the Company has regained compliance with all applicable continued listing standards.
About Conversion Services International, Inc.
A Note on Forward-Looking Statements
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