Qualmark Corp.’s (QMRK.OB) Board Approves Resolution to Delist and Deregister; Stock Falls 42.22%
The Board of Directors of QualMark Corporation has unanimously adopted a resolution to delist its shares from the Over the Counter Bulletin Board and to terminate the registration of its common stock under the Securities Exchange Act of 1934. The company expects to file a form with the Securities and Exchange Commission suspending its SEC reporting obligations effective May 12, 2008. According to the resolution, the burdens on management time as well as increased costs for outside accounting and legal services caused by rules and regulations required of listed and registered companies were the factors considered by the directors, who…