[Federal Register Volume 69, Number 43 (Thursday, March 4, 2004)]
[Notices]
[Pages 10274-10275]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-4834]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Proterion Corporation 
To Withdraw Its Common Stock, $.01 Par Value, From Listing and 
Registration on the American Stock Exchange LLC; File No. 1-16670

February 27, 2004.
    Proterion Corporation, a Delaware corporation (``Issuer''), has 
filed an application with the Securities and Exchange Commission 
(``Commission''), pursuant to section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) thereunder,\2\ to withdraw 
its common stock, $.01 par value (``Security''), from listing and 
registration on the American Stock Exchange LLC (``Amex'' or 
``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    On December 8, 2003, the Board of Directors (``Board'') of the 
Issuer executed a unanimous written consent approving certain 
resolutions to

[[Page 10275]]

withdraw the Issuer's Security from listing on the Amex. The Board 
states that its decision to withdraw the Security from listing and 
registration on the Amex was based on numerous factors that indicated 
that, despite the Issuer's and Board's previous actions and efforts: 
(i) The Issuer can no longer financially afford to be a reporting 
company registered under the Exchange Act and listed on a national 
securities exchange and; (ii) for the foreseeable future, the Issuer 
and its stockholders will not be able to realize the benefits 
associated with being such a listed reporting company. The Issuer 
stated that it is current in contact with various market professionals 
concerning the listing of the Security on the OTC Pink Sheets prior to 
the delisting.
    The Issuer stated in its application that it has met the 
requirements of Amex Rule l8 by complying with all applicable laws in 
the State of Delaware, in which it is incorporated, and with the Amex's 
rules governing an issuer's voluntary withdrawal of a security from 
listing and registration.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on the Amex and from registration under section 
12(b) of the Act \3\ and shall not affect its obligation to be 
registered under section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before March 23, 2004, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. All comment letters should refer to 
File No. 1-16677. 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.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 04-4834 Filed 3-3-04; 8:45 am]
BILLING CODE 8010-01-P