96-3629. Issuer Delisting; Notice of Application To Withdraw From Listing and Registration; (Colonial Data Technologies Corp., Common Stock, $0.01 Par Value)

[Federal Register Volume 61, Number 34 (Tuesday, February 20, 1996)]
[Notices]
[Page 6400]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3629]



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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-11057]


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Colonial Data Technologies Corp., Common Stock, 
$0.01 Par Value)

February 13, 1996.
    Colonial Data Technologies Corp. (``Company'') has filed an 
application with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to 
withdraw the above specified security (``Security'') from listing and 
registration on the American Stock Exchange, Inc. (``Amex'').
    The reasons alleged in the application for withdrawing the Security 
from listing and registration include the following:
    According to the Company, its Board of Directors unanimously 
approved resolutions on January 26, 1996 to withdraw the Security from 
listing on the Amex and instead, to list the Security on the National 
Association of Securities Dealers Automated Quotations (``Nasdaq'').
    The decision of the Board followed a thorough study of the matter 
and was based upon the belief that listing the Security on the Nasdaq 
will be more beneficial to the Company's stockholders than the present 
listing on the Amex for the following reasons:
    (a) The Board believes that a reluctance exists to trade in the 
securities of Amex listed companies among institutional and other 
investors;
    (b) The resulting negative effect such a reluctance could have on 
the Company's ability to increase analyst coverage of its stock;
    (c) The Board believes that Nasdaq will provide increased liquidity 
with multiple market makers; and
    (d) The Board believes that the capital markets associate Nasdaq 
with technology companies to a greater extent than Amex.
    Any interested person may, on or before March 6, 1996 submit by the 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street NW., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
exchanges and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-3629 Filed 2-16-96; 8:45 am]
BILLING CODE 8010-01-M