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Xerium Technologies Regains Partial NYSE Compliance
Wednesday, July 08, 2009 5:10 PM


(Source: Business Wire)trackingXerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that it has received notice from the New York Stock Exchange (NYSE) that the Company has regained compliance with the exchange's share price listing requirement.

The NYSE notified the Company that because its closing price and average share price for the 30 days ended June 29, 2009 was above $1.00, it is no longer considered to be below the $1.00 continued listing criterion.

The Company has 18 months from the original non-compliance notification date on December 29, 2008 in which to regain compliance with the NYSE's revised $50 million market capitalization and $50 million stockholders' equity requirement. Xerium's common stock will continue to be listed on the NYSE during the compliance period, subject to quarterly reviews by the exchange to monitor the Company's progress against its approved plan for continued listing.

About Xerium Technologies

Xerium Technologies, Inc. (NYSE:XRM) is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper: clothing and roll covers. The Company, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 32 manufacturing facilities in 13 countries around the world, Xerium has approximately 3,400 employees.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statements relate to future events or to our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology.



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