Allied Holdings Inc. announced last week that the American Stock Exchange has accepted the company's plan to comply with the Amex Company Guide regarding Allied's failure to timely file a quarterly report
(as reported in, Nov. 30). Allied submitted the plan to Amex earlier this month.
Allied said it intends to file its Quarterly Report for the quarter ended Sept. 30, 2004 by Jan. 6, 2005, bringing Allied into compliance.
Allied's Amex listing is being continued, the company will be subject to periodic review by the Amex staff for compliance with its plan.
In a press release, Allied said it believes the trading halt imposed by the Amex on Allied's common stock will be lifted upon the filing. Allied Holdings common stock last traded on Nov. 24 at $2.85 a share. The company's 52-week high was $7.89, its 52 week low $1.80, according to the Amex web site.
Allied Holdings is the parent company of several subsidiaries providing distribution and transportation services of new and used vehicles to the automotive industry.