RoboGroup Files Form 15 for the Deregistration of its Ordinary Shares Under the Securities Exchange Act
September 08 2005 - 7:30PM
PR Newswire (US)
The Company Will Continue Trading on the Nasdaq SmallCap Market
Until SEC Declaration of Effectiveness of its Form 15 ROSH HA'AYIN,
Israel, September 8 /PRNewswire-FirstCall/ -- RoboGroup T.E.K Ltd.
(NASDAQ SmallCap: ROBO) today announced that it has filed a Form 15
with the SEC thereby suspending its formal obligations for filing
annual and other reports with the SEC. The Company will maintain
the listing of its shares on the NASDAQ SmallCap Market for the
period of 90 days, or such shorter period until the deregistration
of its shares becomes effective, and has undertaken to continue to
file reports on a voluntary basis until the delisting of its
shares. Following the effectiveness of the Form 15, the Company's
shares will be delisted from the NASDAQ SmallCap Market. Following
the deregistration and delisting, the Company's shares will
continue to trade on the TASE. Information for shareholders holding
their shares through U.S. brokers who wish to trade the Company's
shares on the TASE following the delisting, will be available on
the Company's website at: http://www.robo-group.com/ within a few
days. About RoboGroup The Company and its subsidiaries are engaged
in two major fields of activity. The first is the field of
education devoted to the Company's training products and e-learning
systems, where the Company is a world leader in engineering and
manufacturing technology training systems. The other field of
activity is the development, manufacturing and marketing of motion
control products for the industrial market, which is performed
through the Company's subsidiary, Yaskawa Eshed Technologies Ltd.
(YET). For more information, visit http://www.robo-group.com/ To
the extent that this press release discusses expectations about
market conditions or about market acceptance and future sales of
the Company's products, or otherwise makes statements about the
future, such statements are forward-looking and are subject to a
number of risks and uncertainties that could cause results to
differ materially from the statements made. These factors include
the rapidly changing technology and evolving standards in the
industries in which the Company and its subsidiaries operate, risks
associated with the acceptance of new products by individual
customers and by the market place and other factors discussed in
the business description and management discussion and analysis
sections of the Company's Annual Report on Form 20-F. Company
Contact: Michal Afuta RoboGroup +972-3-900-4112 Agency Contact:
Ayelet Shiloni Integrated IR +1-866-447-8633 DATASOURCE: RoboGroup
t.e.k. Ltd CONTACT: Company Contact: Michal Afuta, RoboGroup, ,
+972-3-900-4112. Agency Contact: Ayelet Shiloni, Integrated IR, ,
+1-866-447-8633
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