SAN MARCOS, Calif., March 30, 2007 (PRIME NEWSWIRE) -- Amistar Corporation (OTCBB:AMTA) announced today that it voluntarily filed a Form 15 with the Securities and Exchange Commission (the "SEC") to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
Upon the filing of the Form 15, Amistar's obligation to file certain reports with the SEC, including Forms 10-K, 10-Q, and 8K, will immediately be suspended. Amistar expects that the deregistration of its common stock will become effective 90 days after the date of filing of the Form 15 with the SEC. As a result of the filing of the Form 15, Amistar expects that its shares will no longer be quoted on the OTC Bulletin Board. There can also be no assurance that any brokerage firms will continue to make a market in Amistar's common stock. However, Amistar anticipates, but cannot guaranty, that its common stock may be quoted on the Pink Sheets after it delists. The Pink Sheets is a provider of pricing and financial information for the over-the-counter securities markets. It is a centralized quotation service that collects and publishes market maker quotes in real time primarily through its website, www.pinksheets.com, which provides stock and bond price quotes, financial news, and information about securities.
Safe Harbor Disclosure under the 1995 Securities Litigation Reform Act.
This news release contains forward-looking statements, which involve risks and uncertainties. The Company's actual future results could differ materially from the results anticipated herein. For information regarding factors that could impact the Company's future performance, see the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for 2005 and its Quarterly Report on Form 10-Q for the third quarter of 2006.
Amistar Corporation provides automation solutions primarily for the industrial and retail markets. The Company designs, develops, manufactures, markets and services a variety of automated equipment used to assemble electronic components and product identification media to printed circuit boards and other assemblies. In addition, the Company provides design and manufacturing resources to create customized factory automation equipment and other products according to customers' specification in a broad range of industries. Through its majority-owned subsidiary, Distributed Delivery Networks Corporation, the Company provided automated point-of-sale machines that control the dispensing of securely stored items such as consumer products and filled prescriptions to retail and other customers.
The Amistar logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2496
Additional information about Amistar is available at www.amistar.com and Distributed Delivery Networks Corporation at www.rx-apm.com