CALGARY, June 24, 2011 /PRNewswire/ - RS Technologies Inc. ("RS") (NEX - RS.H), a technology innovator and manufacturer of advanced composite products for infrastructure markets, announced today that it has received the requisite shareholder approval for the voluntarily delisting of its common shares from the NEX board of the TSX Venture Exchange (the "Exchange"). The Exchange has issued a bulletin approving such delisting and has advised that as at the close of trading on June 27 2011, the common shares will no longer be listed on the Exchange. Subsequent to June 27, 2011, the common shares of RS will not be listed and posted for trading on any marketplace and there will be no public liquid market to trade the common shares.
About RS
RS is an ISO 9001:2008 certified technology innovator that develops advanced composite material products for infrastructure markets. The composite products manufactured using the company's proprietary resins and processes are typically lighter, more durable and longer-lasting than competing products made from the traditional building blocks of wood, steel or concrete. RS's flagship product is its award-winning RStandard® composite pole. The pole is used as transmission and distribution poles to carry electric grids and as communication structures for various uses including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the company's website at www.grouprsi.com.
"RStandard" is a registered trademark of RS.
Reader Advisory
Certain information set forth in this news release, including the intention of RS to apply to voluntarily delist its common shares from the Exchange, contains forward-looking statements which are based on RS's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause RS's actual performance in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the delisting occurring on a different date than disclosed herein. The forward-looking statements are made as of the date hereof and RS assumes no obligation to update or revise such statements to reflect new events or circumstances except as required by applicable securities laws.
SOURCE RS Technologies Inc.
