Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Geokinetics Receives Delisting Notice from NYSE MKT


Print article Print article
Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-21 01:17:02 -

HOUSTON, TEXAS - December 20, 2012 - Geokinetics, Inc. (NYSE MKT: GOK) announced
today that on December 18, 2012, the Company received a delisting notice from
the NYSE MKT LLC (the "Exchange").  The Company does not intend to appeal the
Exchange's decision to delist the Company's common stock.

The  Exchange  also  notified  the  Company  that  it was not in compliance with
Section   1003(a)(iv) of   the  Exchange's  Company  Guide.   The  Exchange  had
previously  notified  the  Company  that  it  was not in compliance with Section
1003(a)(i) or Section 1003(a)(ii) of the Company Guide.

Trading  in the Company's common stock will be suspended from the Exchange prior
to 
the opening of business on December 27, 2012 and the Exchange will file a Form 25-NSE with the SEC to remove the Company's common stock from listing and registration on the Exchange.  The Company's common stock has been subject to a trading halt by the Exchange since December 17, 2012, and the Company does not expect the trading halt to be lifted prior to the delisting of the common stock. The Company's common stock will not immediately be eligible for quoting on the over-the counter market, including the Over the Counter Bulletin Board or OTC Markets Group OTCQB, unless a market maker decides to quote the common stock and files a Form 211 with the Financial Industry Regulatory Authority ("FINRA") and FINRA approves the Form 211.  The Company intends to seek a market maker to file a Form 211 with FINRA.  However, there can be no assurances that any market maker will decide to quote the Company's common stock and submit the Form 211 to FINRA or that FINRA will approve the Form 211. About Geokinetics Inc. Geokinetics Inc. is a leading provider of seismic data acquisition, seismic data processing services and multi-client seismic data to the oil and gas industry worldwide. Headquartered in Houston, Texas, Geokinetics is the largest Western contractor acquiring seismic data onshore and in transition zones in oil and gas basins around the world. Geokinetics has the crews, experience and capacity to provide cost-effective world class data to its international and North American clients. For more information on Geokinetics, visit www.geokinetics.com. Contact: David J. Crowley Chief Executive Officer Geokinetics (713) 850-7600 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Geokinetics Inc. via Thomson Reuters ONE [HUG#1666897]


Press Information:




Contact Person:


Disclaimer: © 2014 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com