[Federal Register Volume 60, Number 158 (Wednesday, August 16, 1995)]
[Notices]
[Page 42639]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20255]



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SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Tridex Corp.; Common Stock, No Par Value) File No. 
1-5513

August 10, 1995.
    Tridex Corporation (``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 
adopted resolutions on July 19, 1995 to withdraw the Security from 
listing on the Amex and instead, to list such Security on the National 
Association of Securities Dealers Automated Quotations National Market 
System (``Nasdaq/NMS'').
    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/
NMS will be more beneficial to the Company's stockholders than the 
present listing on the Amex for the following reasons. According to the 
Company, there seems to be a hesitance on the part of many trading 
firms to trade or market the Security on the Amex. This, the Company 
believes, has resulted in the usually thin trading in the Security. The 
Company also believes money managers, taking a position in stock of 
companies of our size, prefer to work with a specific market know and 
trust, rather than deal with an Amex specialist. Further, the Company 
believes that greater sponsorship is available in the Nasdaq/NMS 
through market makers, and these market makers are more likely to issue 
research reports on the Company. Overall, the Company believes that 
listing on the Nasdaq/NMS will improve the visibility of the Company's 
Security and enhance the corporate image.
    Any interested person may, on or before August 31, 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. 95-20255 Filed 8-15-95; 8:45 am]
BILLING CODE 8010-01-M