Blonder Tongue Receives Response from the American Stock Exchange- Officially in Compliance
February 11 2008 - 1:56PM
Business Wire
Blonder Tongue Laboratories, Inc. (AMEX:BDR), today announced that
it had received a response letter, dated February 7 2008, from the
American Stock Exchange (AMEX) stating that the Company is now in
compliance with the AMEX Company Guide relating to the majority
number of independent directors. The Company resolved the issue by
the appointment of Anthony J. Bruno to its Board of Directors and
Audit Committee and the resignation of John E. Dwight, both
effective as of February 1, 2008. The conclusion made by the AMEX
was based upon its review of publicly available information with
respect to the Company, including its Securities and Exchange
Commission filings. �Blonder Tongue quickly regained compliance
with the AMEX rules resulting in a strong Board of Directors and an
important opportunity in the Buffalo City Leasing Agreement to
cooperate in engineering and manufacturing electronic on board
recorders for Turnpike Global Technologies, LLC,� stated James A.
Luksch, Blonder Tongue CEO. This agreement is described in the
Company�s December 6, 2007 press release. Founded in 1950, Blonder
Tongue Laboratories, Inc. has evolved from a manufacturer of
electronic equipment for the private cable industry to a principal
provider of integrated network solutions and technical services to
broadband service providers. The Company designs, manufactures, and
supplies a comprehensive line of equipment to deliver video (analog
& digital), high speed data and voice services over integrated
coaxial and fiber optic broadband networks today and over packet
based, Internet protocol networks of the future. For more
information regarding Blonder Tongue or its products, please visit
the Company's Web site at www.blondertongue.com or contact the
Company directly at (732) 679-4000. �Safe Harbor� Statement under
the Private Securities Litigation Reform Act of 1995: The
information set forth above includes �forward-looking� statements
and accordingly, the cautionary statements contained in Blonder
Tongue�s Annual Report and Form 10-K for the year ended December
31, 2006 (See Item 1: Business, Item 1A: Risk Factors and Item 7:
Management�s Discussion and Analysis of Financial Condition and
Results of Operations), and other filings with the Securities and
Exchange Commission are incorporated herein by reference. The words
�believe�, �expect�, �anticipate�, �should�, �project�, and similar
expressions identify forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which reflect management�s analysis only as of the date
hereof. Blonder Tongue undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances
that arise after the date hereof. Blonder Tongue�s actual results
may differ from the anticipated results or other expectations
expressed in Blonder Tongue� s �forward-looking� statements.
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