Item 3.01. Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing
On June 1, 2009, we were informed by the NYSE that we were in compliance with
NYSE listing standards. Previously on August 14, 2008, the Company was notified
by the New York Stock Exchange (the "NYSE") that it is not in compliance with
the NYSE's continued listing standards, as its market capitalization was less
than $75 million over a 30 trading-day period, and its shareholders' equity was
less than $75 million. Under applicable NYSE procedures, we submitted a plan to
the NYSE to demonstrate our ability to achieve compliance with the continued
listing standards within 18 months and have been submitting quarterly updates to
the NYSE. The SEC has approved an NYSE pilot program whereby the applicable
standards were reduced to $50 million. As of June 2, 2009, our market
capitalization was $79.7 million.