[Federal Register Volume 61, Number 48 (Monday, March 11, 1996)]
[Notices]
[Pages 9738-9739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5684]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Voice Control Systems, Inc., Common Stock, $.01 Par
Value) File No. 1-1-11189
March 5, 1996.
Voice Control Systems Inc. (``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 Emerging
Company Marketplace of 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, the Board of Directors of the Company
(``Board'') unanimously approved resolutions on October 4, 1995, to
withdraw the
[[Page 9739]]
Security from listing on the Exchange and, instead, list the Security
on the Nasdaq as a National Market Security (``Nasdaq/NMS''). The
decision of the Board followed a lengthy study of the matter, and was
based upon the belief that listing of the Security on Nasdaq will be
more beneficial to the Company and its shareholders than the present
listing on the Exchange because:
1. The Committee believes such a listing will result in additional
market makers in the Company's security. This should in turn result in
additional research reports on the Company and enhanced interest in the
Company's stock;
2. The Exchange has recently discontinued the Emerging Company
Marketplace on which the Company is listed. Accordingly, issuers of the
type and size of the Company will not be listed on the Amex in the
future and ultimately the Company will be out of place;
3. The Company's major publicly-held competitors and customers are
listed on the Nasdaq/NMS, so the Company believes that the investment
community will expect to find an issuer such as the Company listed on
the Nasdaq/NMS. Failure to meet these expectations will diminish
interest in the Company's stock.
Any interested person may, on or before March 26, 1996, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW., Washington, DC 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. 96-5684 Filed 3-8-96; 8:45 am]
BILLING CODE 8010-01-M
