[Federal Register Volume 60, Number 137 (Tuesday, July 18, 1995)]
[Notices]
[Page 36853]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17522]



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SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Howtek, Inc., Common Stock, $.01 Par Value) File No. 
1-9341

July 12, 1995.
    Howtek, 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 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 May 31, 1995, to 
withdraw the Security from listing on the Exchange and, instead, list 
the Security as National Market securities on the Nasdaq Stock Market, 
Inc. (``Nasdaq''). 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 Nasdaq system of multiple, competing market makers will 
provide the Company with increased visibility within the financial 
community, thereby encouraging greater investor awareness of the 
Company's activities;
    2. The Nasdaq system will enable the company to attract its own 
group of market makers and expand the capital base available for 
purchases of the Security;
    3. The Nasdaq system will stimulate increased demand for the 
Security and result in greater liquidity for the Company's 
shareholders; and
    4. The firms making a market in the Security on Nasdaq will be more 
likely to issue research reports on the Company, which will increase 
the availability of information about the Company and the Security and 
enhance the Company's visibility to investors.
    Any interested person may, on or before August 2, 1995, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., 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. 95-17522 Filed 7-17-95; 8:45 am]
BILLING CODE 8010-01-M