Business NewsMarketWire • NYSE Amex Accepts Eastern Light's Plan to Meet Continued Listing Standards

NYSE Amex Accepts Eastern Light's Plan to Meet Continued Listing Standards

NYSE Amex Accepts Eastern Light's Plan to Meet Continued Listing Standards

SAN FRANCISCO, CA--(Marketwire - July 30, 2010) -  Eastern Light Capital, Inc. ("ELC") (NYSE Amex: ELC), a specialty lender organized as a real estate investment trust, announced today that the Corporate Compliance Staff of the NYSE Amex LLC (the "Exchange") has accepted ELC's plan to meet the Exchange's continued listing standards and has granted ELC an extension through November 8, 2010, to become compliant with the $1 million market value of publicly held shares standard, and thereafter, through November 7, 2011, to become compliant with the $6 million stockholders' equity requirement. 

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NYSE Amex Accepts Eastern Light's Plan to Meet Continued Listing Standards