Syntax-Brillian Corporation (Nasdaq:BRLC), a leading manufacturer and marketer of LCD HDTVs, digital cameras and consumer electronics products, announced that on July 18, 2008, it received a letter from the Nasdaq Stock Market stating that the Company's previously reported Nasdaq listing violations and its July 8, 2008 filing for protection under Chapter 11 of the U.S. Bankruptcy Code served as a basis for delisting its securities.
The Nasdaq Listing Qualifications Hearings Panel has determined to delist the company's stock from the Nasdaq Stock Market and has suspended trading of the stock as of the open of business on July 22, 2008. The Company does not intend to appeal the Nasdaq Listing Qualifications Hearings Panel's decision.
Syntax-Brillian Corporation (www.syntaxbrillian.com) is one of the world's leading manufacturers and marketers of LCD HDTVs, digital cameras, and consumer electronics products. The Company's lead products include its Olevia(TM) brand (www.Olevia.com) high-definition widescreen LCD televisions -- one of the fastest growing global TV brands -- and Vivitar brand (www.vivitar.com) digital still and video cameras. Syntax-Brillian has built an Asian supply chain coupled with an international manufacturing and distribution network to support worldwide retail sales channels and position the Company as a market leader in consumer digital entertainment products.
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