Did you hear?… American Ski Company falls below NYSE's listing criteria

The American Ski Company (ASC) (NYSE:SKI) announced that it has received an advisory from the New York Stock Exchange (NYSE) that the company has fallen below the NYSE’s listing criteria. ASC failed to meet NYSE’s listing standard of a total market capitalization of not less than $50 million over a 30-day trading period and a stockholder’s equity of not less than $50 million. In addition, the listing price has fallen below NYSE’s minimum share price of $1 for more than a 30-day trading period. ASC has requested an 18-month exemption from the NYSE under the exchange’s own rules to allow the company to come into compliance. No word yet as to whether or not the request will be granted. Headquartered in Newry, Maine, American Skiing Company claims to be the largest operator of alpine ski, snowboard and golf resorts in the United States. Its resorts include Killington and Mount Snow in Vermont; Sunday River and Sugarloaf/USA in Maine; Attitash Bear Peak in New Hampshire; Steamboat in Colorado; The Canyons in Utah; and Heavenly in California/Nevada. More information is available on the Company’s Web site, www.peaks.com.