CALGARY, March 28 /PRNewswire/ - RS Technologies Inc. ("RS" or the "Company") announced today that, effective at the opening of trading on March 30, 2011, the Company's common shares will commence trading on the NEX board of the TSX Venture Exchange under the symbol "RS.H".
The transfer in stock exchange listing to the NEX Board of the TSX Venture Exchange is designed to ensure continuous trading and continued liquidity for the Company's shareholders. As previously announced, the Company's common shares will be delisted from the Toronto Stock Exchange effective at the close of trading on March 29, 2011 due to the Company's current inability to meet continued listing requirements of the Toronto Stock Exchange.
RS continues to work with its advisor, Macquarie Capital Markets Canada Ltd., to identify investors and strategic partners for RS to provide the Company with both short and long term solutions for its working capital needs. There is no assurance that RS will be successful in completing a transaction with any such investors or strategic partners.
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.
SOURCE RS Technologies Inc.