CHARLOTTE, N.C., May 20, 2013 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher Hygiene") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential hygiene and sanitizing products and services, announced today that in connection with filing its Form 12(b)-25, the company received a letter from NASDAQ on May 14, 2013 indicating that it is not in compliance with the filing requirements for continued listing under NASDAQ Listing Rule 5250(c)(1) since its Form 10-Q for the quarter ended March 31, 2013 (the "Form 10-Q ") was not timely filed. The letter from NASDAQ advised Swisher Hygiene that the NASDAQ Hearings Panel (the "Panel ") will consider this deficiency in their decision regarding its continued listing on The NASDAQ Global Select Market. Swisher Hygiene has advised the Panel that it expects to file the Form 10-Q later this week; however, Swisher Hygiene can provide no assurance as to when it will complete this filing.
In addition, Swisher Hygiene received a letter from the Toronto Stock Exchange ("TSX") stating the TSX did not object to Swisher Hygiene filing its Form 10-Q on or before May 31, 2013. The TSX will monitor the progress Swisher Hygiene is making to file the late statements through the Ontario Securities Commission.
Cautionary Statement on Forward-Looking InformationAll statements other than statements of historical fact contained in this press release constitute "forward-looking information" or "forward-looking statements" within the meaning of the U.S. federal securities laws and the Securities Act (Ontario) and are based on the expectations, estimates and projections of management as of the date of this press release unless otherwise stated. All statements other than historical facts are, or may be, deemed to be forward looking statements. The words "plans," "expects," "is expected," "scheduled," "estimates," or "believes," or similar words or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will be taken," "occur," and similar expressions identify forward-looking statements.
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