7.11.2003: Meldung: Spire Corp.: Possible Delisting from Nasdaq

Spire Corporation announced today that Nasdaq has determined to continue the listing of the Company"s shares of common stock on the Nasdaq National Market if the Company meets the following deadlines: On or before November 7, 2003, the Company must file with the SEC and Nasdaq an amended Form 10-QSB for the quarter ended June 30, 2003 that has been reviewed by its independent auditors in accordance with SAS 100.
On or before November 14, 2003, the Company must file with the SEC and Nasdaq its Form 10-QSB for the quarter ended September 30, 2003.

The Company is working with its auditors to satisfy the above conditions for continued listing, however, there can be no assurance that the Company will be able to meet the above conditions.
The Company may request an extension on the applicable deadlines from a Nasdaq Listing Qualifications Panel. There can be no assurance, however, that Nasdaq will grant any such extension or, if one is granted, that the Company will be able to meet any new deadlines imposed by Nasdaq. If the Company is delisted from the Nasdaq National Market, its common stock would likely be traded on the Over-The-Counter Bulletin Board. If the Company"s common stock were delisted from Nasdaq, it could materially adversely affect the market price and liquidity of the common stock and the Company"s ability to raise additional capital.
Spire Corporation provides products and services based upon a common technology platform to the biomedical and solar energy industries worldwide. For more information, please visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company"s Form 10-KSB filed with the Securities and Exchange Commission.


Spire Corporation
David R. Lipinski, 781-275-6000

Source: Spire Corporation
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