Earl Scheib, Inc. Withdraws from AMEX Listing and Will Terminate SEC ReportingSHERMAN OAKS, Calif.--April 7, 2005--Earl Scheib, Inc. (Pink Sheets:ESHB) announced today that the Securities and Exchange Commission (SEC) has granted its application to withdraw its capital stock from trading on the American Stock Exchange (AMEX), effective at the opening of business this morning. The Company filed a certification and notice on Form 15 with the SEC today in order to terminate registration of its capital stock and suspend the filing of current and periodic reports. April 6, 2005 was the last day on which the Capital Stock traded on the AMEX.
Upon the filing of the Form 15, the Company's obligation to file certain reports and forms with the SEC, including Forms 10-K, 10-Q and 8-K will cease immediately. The Company intends, however, to continue to provide annual and quarterly reports to its stockholders.
The Company expects its deregistration to become effective within ninety days of the filing of Form 15 with the SEC. The Company has not applied for listing of the Capital Stock on any other exchange.
The National Association of Securities Dealers has assigned the trading symbol "ESHB" to the Capital Stock for quotation on the Pink Sheets(R), a centralized electronic quotation service for over-the-counter securities. While the Company anticipates that trading in the Capital Stock will be available on the Pink Sheets, such trading depends on efforts of independent market makers and the Company can give no assurance that trading in its stock will continue in the Pink Sheets or in any other forum.