ML Macadamia Orchards, L.P. To Trade on OTCQX Under Ticker Symbol NNUT
Hilo, Hawaii -- ML Macadamia Orchards, L.P. (the Partnership), reported today that it would cease trading on the New York Stock Exchange effective with the close of the market on Monday, November 24, 2008. The Partnership’s Depositary Receipts evidencing Class A units will be traded on the OTCQX trading medium under the ticker symbol NNUT effective with the opening of the market on Tuesday, November 25, 2008. The Partnership fell below the New York Stock Exchange’s continued listing standard requiring it to maintain an average market capitalization of not less than $25 million over a consecutive 30-day trading period and was required to delist from the NYSE.
This press release contains forward-looking statements regarding future events and future performance of the Partnership that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These include statements, among others, regarding the Partnership’s future nut prices and the outcome of legal action, which are based on certain assumptions and forecasts. The Partnership files documents with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K reports, which contain a description of these and other risks and uncertainties that could cause actual results to differ from current expectations and the forward-looking statements contained in this press release.
Contact:
Dennis J. Simonis President & CEO
Telephone: (808) 969-8052