American Stock Exchange Accepts Conversion Services
International’s Plan of Compliance
EAST HANOVER, N.J. (September 27, 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, received notice on
June 29, 2006 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, and on July 31, 2006, the Company presented its plan to
the Exchange. On September 26, 2006, the Exchange notified the
Company that it accepted the Company’s plan of compliance and
granted the Company an extension until December 28, 2007 to regain
compliance with the continued listing standards. The Company will
be subject to periodic review by the Exchange Staff during the
extension period. Failure to make progress consistent with the
plan or to regain compliance with the continued listing standards
by the end of the extension period could result in the Company
being delisted from the American Stock Exchange. In addition, the
Company violated Section 301 of the Company Guide by issuing
shares of common stock on August 28, 2006 prior to receiving
approval from the Exchange. The Company subsequently filed an
Additional Listing Application to rectify this violation.
About Conversion Services International, Inc.
A Note on Forward-Looking Statements
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