Napco reclaims ticker symbol following NASDAQ compliance

SSN Staff  - 
Thursday, February 26, 2004

February 26, 2004

AMITYVILLE, N.Y. - Security product manufacturer Napco Security Systems has ironed out its non-compliance issues with the NASDAQ Stock Market and this week saw its NSSC ticker symbol restored.

Last year Napco faced delisting from NASDAQ after it delayed filing its 10-K with the Securities and Exchange Commission for its fiscal year ending June 30, 2003, due to international tax issues. The company requested a hearing to review the matter, a move that automatically stayed the delisting proceedings.

During that time, the company’s ticker symbol changed to NSSCE. After a several month delay, Napco filed its 10-K report earlier this month, coming into compliance with NASDAQ.