September 28, 2005
SERVOTRONICS, INC. RECEIVES LETTER FROM AMEX EXTENDING PLAN OF ACTION
Elma , NY -- Servotronics, Inc. (Amex – SVT) announced today that its plan of compliance had been accepted by the American Stock Exchange (“AMEX”). As previously disclosed, the Company received a notice from the AMEX dated August 26, 2005, advising that the Company is not in compliance with sections 134 and 1101 of the AMEX Company Guide for failing to timely file with the Securities and Exchange Commission its Quarterly Report on Form 10-QSB for the quarter ended June 30, 2005.
The Company was afforded the opportunity to submit a plan of compliance and on September 9, 2005 the Company presented its plan to the AMEX. On September 21, 2005 , the plan was accepted by AMEX, and the Company was granted an extension until October 6, 2005 to regain compliance with the continued listing standards. The Company will be subject to periodic review by the AMEX to determine whether progress consistent with the plan is being made. If the Company is not in compliance with the continued listing standards by October 6, 2005 , or does not make progress consistent with the plan during the plan period, delisting procedures may be initiated.
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