Suspension of Trading
March 31 2009 - 2:30AM
UK Regulatory
TIDMVRX
RNS Number : 7753P
Vectrix Corporation
31 March 2009
Date: 31 March 2009
On behalf of: Vectrix Corporation ("Vectrix" or "the Company")
Embargoed until: 0730hrs
Vectrix Announces Suspension of Trading Pending Publication of Accounts
Middletown, R.I.- March 31-Vectrix Corporation (www.vectrix.com), the maker of
the world's first high performance, two-wheel zero emission vehicle, announces
that the Directors expect that the Company will not be able to publish its
Report and Accounts for the year ended 30 September 2008 (the "Accounts") until,
inter alia, the successful completion of a fund-raising exercise. Therefore, the
Company is not in a position to publish the Accounts by 31 March 2009, as
required by the AIM Rules, and accordingly trading of the Company's common stock
on the AIM market of the London Stock Exchange will be suspended with effect
from today, pending publication of the Accounts."
- Ends -
Enquiries to:
VECTRIX Corporation www.vectrix.com
Michael J. Boyle, President and CEO (401) 848-9993
HSBC
Nick Donald / Nic Hellyer +44 (0)20 7991 8888
Notes to Editors
About Vectrix
Vectrix listed on AIM in May 2007 and is the developer of the world's first high
performance, zero emission, electric motorcycle which is at least 10 times more
powerful than existing electric power two wheel vehicles.
Vectrix is dedicated to developing and commercializing zero emission vehicle
platform technologies focused on two-wheel applications. Longer term, Vectrix
plans to develop environmentally sensitive technologies for other segments
within the transportation industry.
Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern vehicle
assembly facility in Wroclaw, Poland and an R&D center in New Bedford,
Massachusetts.
Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation
and Leadership in Alternative Vehicle Technologies.
Transportation is the largest single source of air pollution in the world. A
typical motorcycle/scooter produces significantly more CO2 and pollutants than a
large diesel truck, and far more than a modern low emission automobile. The
Vectrix bike utilizes innovative zero-emission technology, offering customers a
clean, affordable, and much needed alternative.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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