Withdrawal Results from Exchange's Decision to Terminate Equity
Trading Platform
SL INDUSTRIES, INC. (AMEX & PHLX:SLI) SL Industries, Inc. has
announced today its intention to voluntarily delist from the NASDAQ OMX
PHLX effective January 15, 2009. This action was taken solely as a
result of the decision of NASDAQ OMX PHLX, formerly the Philadelphia
Stock Exchange, to terminate its equity trading platform, which
termination was effective October 24, 2008. The announced delisting will
not impact the market for the Company’s shares. Shares of SL Industries,
Inc. common stock will continue to be traded on the American Stock
Exchange (AMEX) under ticker symbol “SLI.”
About SL Industries, Inc.
SL Industries, Inc. designs, manufactures and markets power electronics,
power motion, power protection, teleprotection and communications
equipment and systems that is used in a variety of medical, aerospace,
computer, datacom, industrial, telecom, transportation and electric
power utility applications. For more information about SL Industries,
Inc. and its products, please visit the Company’s web site at www.slindustries.com.
Forward-Looking Statements
This press release contains statements that are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on current expectations,
estimates and projections about the Company's business based, in part,
on assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including those
described above and the following: the effectiveness of the cost
reduction initiatives undertaken by the Company, changes in demand for
the Company's products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, constraints
on supplies of critical components, excess or shortage of production
capacity, difficulties encountered in the integration of acquired
businesses and other risks discussed from time to time in the Company's
Securities and Exchange Commission filings and reports. In addition,
such statements could be affected by general industry and market
conditions and growth rates, and general domestic and international
economic conditions. Such forward-looking statements speak only as of
the date on which they are made, and the Company does not undertake any
obligation to update any forward-looking statement to reflect events or
circumstances after the date of this release.
SL Industries, Inc.
David Nuzzo, Chief Financial Officer
856-727-1500,
ext. 5515
Facsimile: 856-727-1683
David.Nuzzo@slindustries.com
