[Federal Register Volume 70, Number 143 (Wednesday, July 27, 2005)]
[Notices]
[Pages 43465-43466]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3996]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-12282]


Issuer Delisting; Notice of Application of Corrpro Companies, 
Inc. to Withdraw its Common Stock, no par value, from Listing and 
Registration on the American Stock Exchange LLC

July 21, 2005.
    On June 29, 2005, Corrpro Companies, Inc., an Ohio corporation 
(``Issuer''), 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, no par value 
(``Security''), from listing and registration on the American Stock 
Exchange LLC (``Amex'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    On April 14, 2005, the Board of Directors (``Board'') of the Issuer 
approved resolutions to withdraw the Security from listing and 
registration on Amex. The Issuer stated that in making its decision to 
withdraw the Security from Amex, the Board considered the following 
factors, among others: (i) The expectation that delisting and 
deregistering the Security will significantly reduce expenses, avoid 
potentially higher future expenses, enable management to focus more of 
its time on operating the company, and create greater value for the 
holders of the Security; (ii) uncertainty over the Issuer's continued 
listing on Amex; (iii) the increased costs and administrative burdens 
associated with being a reporting company, particularly in light of new 
Commission and Sarbanes-Oxley requirements; (iv) the lack of an active 
trading market for the Security; and (v) the Issuer's intent not to 
access the public markets for its foreseeable financing needs. The 
Board stated that it is desirable and in the best interest of the 
Issuer and its shareholders to terminate listing of the Security on 
Amex.
    The Issuer stated that it has met the requirements of Amex's rules 
governing an issuer's voluntary withdrawal of a security from listing 
and registration by complying with all the applicable laws in effect in 
Ohio, in which it is incorporated.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on 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. 781(b).
    \4\ 15 U.S.C. 781(g).
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    Any interested person may, on or before August 15, 2005, comment on 
the facts bearing upon whether the application has been made in 
accordance with the rules of Amex, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:
    Electronic comments:
     Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml); or
     Send an e-mail to [email protected]. Please include 
the File Number 1-12282 or;
    Paper comments:
     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-9303.

[[Page 43466]]

    All submissions should refer to File Number 1-12282. This file 
number should be included on the subject line if e-mail is used. To 
help us process and review your comments more efficiently, please use 
only one method. The Commission will post all comments on the 
Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). 
Comments are also available for public inspection and copying in the 
Commission's Public Reference Room. All comments received will be 
posted without change; we do not edit personal identifying information 
from submissions. You should submit only information that you wish to 
make available publicly.
    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. E5-3996 Filed 7-26-05; 8:45 am]
BILLING CODE 8010-01-P