Enservco Receives Extension from NYSE American Regarding Cure Period for Low Stock Price
April 21 2020 - 4:01PM
Enservco Corporation (NYSE American: ENSV), a diversified national
provider of specialized well-site services to the domestic onshore
conventional and unconventional oil and gas industries, today
announced that the NYSE American has extended the period during
which the Company can cure its low stock price beyond the previous
May 6, 2020, deadline so that the Company can seek shareholder
approval for a reverse stock split at its June 26, 2020, annual
meeting. In November 2019 the NYSE American notified Enservco
that the Company’s common stock had been selling for a low price
per share for a substantial period of time and that continued NYSE
American listing was predicated on the Company effecting a reverse
stock split of its Common Stock or otherwise demonstrating
sustained price improvement no later than May 6, 2020.
About EnservcoThrough its various operating
subsidiaries, Enservco provides a wide range of oilfield services,
including hot oiling, acidizing, frac water heating, and related
services. The Company has a broad geographic footprint
covering seven major domestic oil and gas basins and serves
customers in Colorado, Montana, New Mexico, North Dakota, Oklahoma,
Pennsylvania, Ohio, Texas, Wyoming and West
Virginia. Additional information is available at
www.enservco.com
Cautionary Note Regarding Forward-Looking
StatementsThis news release contains information that is
"forward-looking" in that it describes events and conditions
Enservco reasonably expects to occur in the future. Expectations
for the future performance of Enservco are dependent upon a number
of factors, and there can be no assurance that Enservco will
achieve the results as contemplated herein. Certain statements
contained in this release using the terms "may," “intends,”
"expects to," and other terms denoting future possibilities, are
forward-looking statements. The accuracy of these statements cannot
be guaranteed as they are subject to a variety of risks, which are
beyond Enservco's ability to predict, or control and which may
cause actual results to differ materially from the projections or
estimates contained herein. Among these risks are those set forth
in Enservco’s annual report on Form 10-K for the year ended
December 31, 2019, and subsequently filed documents with the
SEC. Forward looking statements in this news release that are
subject to risk include the Company’s ability to gain shareholder
approval for a reverse stock split and to regain compliance with
the NYSE American’s listing requirements. It is important that each
person reviewing this release understand the significant risks
attendant to the operations of Enservco. Enservco disclaims
any obligation to update any forward-looking statement made herein,
except as required by law.
Contact:Pfeiffer High Investor
Relations, Inc.Jay PfeifferPhone: 303-880-9000Email:
jay@pfeifferhigh.com
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