Sep. 22, 2009 (Business Wire) -- Banks.com, Inc. (AMEX:BNX), announced today that it received notice from the NYSE AMEX LLC (the “Exchange”) on September 17, 2009 indicating that Banks.com, Inc. (the “Company”) has resolved the continued listing deficiency under Section 1003(a)(iv) of the Exchange’s Company Guide (the “Company Guide”) referenced in the NYSE AMEX LLC’s letter to the Company dated October 10, 2008.
In addition, the Exchange notified the Company of a continued listing deficiency under Section 1003(f)(v) of the Exchange’s Company Guide (“the Company Guide”) regarding its low selling price and granted the Company an extension until March 16, 2010 to regain compliance. Failure to regain compliance within the given timeframe will likely result in the Exchange initiating delisting proceedings against the Company.
Forward Looking Statements
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Forward looking statements, which are based on management’s current expectations, are generally identifiable by the use of terms, such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “possible,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, but are not limited to, the risk that the Company's plan of compliance will not be accepted and the risk that the Company will not make progress consistent with its plan of compliance. Further information on risks that we face is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2007, our quarterly reports on Form 10-Q and our Current Reports on Form 8-K. Except as required by law, we assume no responsibility to update these forward looking statements publicly, even if new information becomes available in the future.
About Banks.com
Banks.com, Inc. operates an Internet media property that provides targeted online advertising and services in the financial services sector. Through the Banks.com network, the Company provides access to financial content, including financial news, blogs, business articles, interest-rate tables, stock quotes, stock tracking and financial calculators. It also provides users access to online financial services, including tax preparation and stock brokerage through its online broker dealer subsidiary MyStockFund.com. In addition to Banks.com, it operates other search related websites including Look.com. Banks.com, Inc. is headquartered in San Francisco, California at 222 Kearny Street, Suite 550 and can be reached at 415.962.9700. More information about Banks.com, Inc. can be found at: www.Banks.com.
