NASDAQ Grants Extension to Continue Swisher Hygiene Listing
CHARLOTTE, N.C., March 1, 2013 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc.
("Swisher Hygiene") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential
hygiene and sanitation products and services, announced today that the NASDAQ
Stock Market ("NASDAQ") has granted Swisher Hygiene's request to remain listed
on NASDAQ through March 15, 2013, subject to meeting specific conditions for
Swisher Hygiene continues its progress to regaining compliance with NASDAQ
rules and has recently filed its amended Quarterly Reports on Form 10-Q/A for
the periods ended March 31, 2011, June 30, 2011, and September 30, 2011 as
well as its Annual Report on Form 10-K for the year ended December 31, 2011.
Swisher Hygiene will continue its work toward meeting the conditions to remain
listed on NASDAQ, including filing its Form 10-Qs for the quarterly periods
ended March 31, 2012, June 30, 2012 and September 30, 2012 on or before March
15, 2013. Swisher Hygiene also requested an extension through April 30, 2013
to file its Form 10-K for 2012. NASDAQ has advised Swisher Hygiene that it
will retain jurisdiction to make a determination whether to continue listing
Swisher Hygiene through the filing of the 2012 Form 10-K.Swisher Hygiene can
provide no assurance as to when it will complete these filings and can provide
no assurance that it will remain listed on NASDAQ following the expiration of
the March 15, 2013 extension.
"We are pleased that the Hearings Panel has seen the progress we have recently
made and has granted us an additional extension to maintain Swisher Hygiene's
listing on NASDAQ," said Thomas Byrne, President and Chief Executive Officer
of Swisher Hygiene."We remain committed to finalizing our 2012 financials as
expeditiously as possible.While this process is completed, we remain
dedicated to serving our customers nationwide on a day-to-day basis with our
comprehensive core chemical program as well as our complementary hygiene and
Cautionary Statement on Forward-Looking Information
All statements other than statements of historical fact contained in this
press release constitute "forward-looking information" or "forward-looking
statements" within the meaning of the U.S. federal securities laws and the
Securities Act (Ontario) and are based on the expectations, estimates and
projections of management as of the date of this press release unless
otherwise stated. All statements other than historical facts are, or may be,
deemed to be forward looking statements. The words "plans," "expects," "is
expected," "scheduled," "estimates," or "believes," or similar words or
variations of such words and phrases or statements that certain actions,
events or results "may," "could," "would," "might," or "will be taken,"
"occur," and similar expressions identify forward-looking statements.
Certain information in this press release is forward-looking
information.Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by Swisher Hygiene
as of the date of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.All of
these assumptions have been derived from information currently available to
Swisher Hygiene including information obtained by Swisher Hygiene from
third-party sources. These assumptions may prove to be incorrect in whole or
in part.All of the forward-looking statements made in this press release are
qualified by the above cautionary statements and those made in the "Risk
Factors" section of Swisher Hygiene's Annual Report on Form 10-K for the year
ended December31, 2011, filed with the Securities and Exchange Commission,
available on www.sec.gov, and with Canadian securities regulators available on
Swisher Hygiene's SEDAR profile at www.sedar.com, and Swisher Hygiene's other
filings with the Securities and Exchange Commission and with Canadian
securities regulators available on Swisher Hygiene's SEDAR profile at
www.sedar.com. The forward-looking information set forth in this press release
is subject to various assumptions, risks, uncertainties and other factors that
are difficult to predict and which could cause actual results to differ
materially from those expressed or implied in the forward-looking
information.Swisher Hygiene disclaims any intention or obligation to update
or revise any forward-looking statements to reflect subsequent events and
circumstances, except to the extent required by applicable law.
About Swisher Hygiene Inc.
Swisher Hygiene Inc. is a NASDAQ and TSX listed company that provides
essential hygiene and sanitation solutions to customers throughout much of
North America and internationally through its global network of company-owned
operations, franchises and master licensees operating in countries across
Europe and Asia. These essential solutions include cleaning and sanitizing
chemicals, foodservice and laundry products, restroom hygiene programs and a
full range of related products and services.This broad set of offerings is
designed to promote superior cleanliness and sanitation in all commercial
environments, enhancing the safety, satisfaction and well-being of employees
and patrons. Swisher Hygiene's customers include a wide range of commercial
enterprises, with a particular emphasis on the foodservice, hospitality,
retail, industrial and healthcare industries.
CONTACT: For Further Information, Please Contact:
Swisher Hygiene Inc.
Phone: (704) 602-7116
Garrett Edson, ICR
Phone: (203) 682-8331
Alecia Pulman, ICR
Phone: (203) 682-8224
Press spacebar to pause and continue. Press esc to stop.