Immediately upon the filing of the Form 15, the Company will no longer be obligated to file certain reports with the SEC, including Forms 10-K, 10-Q and 8-K. The Company expects that the deregistration of the Common Stock will become effective 90 days following the filing of the Form 15. The Common Stock is currently quoted on the OTC Bulletin Board and on the Pink Sheets. Following the filing of the Form 15, the Common Stock will no longer be eligible to be quoted on the OTC Bulletin Board. The Company anticipates that the Common Stock will continue to be quoted on the Pink Sheets after the filing of the Form 15; however, the Company can give no assurances that the Common Stock will be so quoted. The Pink Sheets system is a centralized quotation service that provides pricing and financial news and information for over-the-counter securities markets and collects and publishes market maker quotes in real time primarily through its website, www.pinksheets.com.
The Company's Chairman, President and CEO,
Notwithstanding the Company's decision to deregister the Common Stock, the Company intends to continue to hold annual meetings and to make available to its shareholders and the interested public quarterly and annual financial statements while the Common Stock is quoted on the Pink Sheets. The Company also intends to comply with all information and notice requirements under
The Company does not believe that deregistering the Common Stock under the Exchange Act will materially impact its current operations, current relationships with employees, customers and suppliers or its existing financing arrangements.
The Company operates full-service travel centers and restaurants strategically located on major interstate highways that offer brand name food and gasoline, and a unique variety of Southwestern merchandise to the traveling public in
Visit our web site at: www.bowlintc.com
For Further Information Contact: Michael L. Bowlin, Chairman (505) 266-5985 Rudy R. Miller, Chairman and CEO The Miller Group Investor Relations for the Company (602) 225-0505
SOURCE Bowlin Travel Centers, Inc.