LITTLE ROCK, Ark., Oct. 28 /PRNewswire-FirstCall/ -- ThermoEnergy Corporation (OTC Bulletin Board: TMEN), a leading supplier of wastewater treatment and power generation technologies, today announced that it has restored its eligibility for quotation on the over-the-counter bulletin board (OTCBB) and that its Common Stock is now quoted on the OTCBB under the symbol "TMEN". In 2009, the Company was determined by FINRA not to be eligible for quotation on the OTCBB due to delinquencies in filing reports with the SEC, and during the period of ineligibility, the Common Stock was quoted on the Pink Sheets. Since filing its Quarterly Report on Form 10-Q for the period ended September 30, 2009, the Company has been fully compliant with all of its SEC reporting obligations.
"ThermoEnergy would like to thank our shareholders for their patience and understanding during this period," said ThermoEnergy CEO, Cary Bullock. "The Company's return to trading on the OTCBB is indicative of the additional emphasis management has placed on timely and accurate financial reporting and transparency, and our commitment to expanding our investor base. We are re-energized to be back on the OTC BB and will continue to make every effort possible in order to bring added value to our shareholders. In recent months, we have made tremendous progress at the Company including signing an agreement with Contego Systems, and finalizing a $27.1 million contract with City of New York to deploy our state-of-the-art ammonia recovery process."
Founded in 1988, ThermoEnergy, is a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com, or www.castion.com.
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THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.
SOURCE ThermoEnergy Corporation