-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OBdtJIvmTNgWY51CEI6HMZN5a+aGWkENzsH6n9kBpBlW0moPsfW4ovT1nziXKwJd XGLsR8VzEulOqchIeHGIzg== 0001181431-05-011609.txt : 20050222 0001181431-05-011609.hdr.sgml : 20050221 20050222104326 ACCESSION NUMBER: 0001181431-05-011609 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050222 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050222 DATE AS OF CHANGE: 20050222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RELIABILITY INC CENTRAL INDEX KEY: 0000034285 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 750868913 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07092 FILM NUMBER: 05629705 BUSINESS ADDRESS: STREET 1: 16400 PARK ROW STREET 2: P O BOX 218370 CITY: HOUSTON STATE: TX ZIP: 77218-8370 BUSINESS PHONE: 281-492-0550 FORMER COMPANY: FORMER CONFORMED NAME: FAIRLANE INDUSTRIES INC DATE OF NAME CHANGE: 19800519 8-K 1 rrd69825.htm NOTICE OF DELISTING FROM NASDAQ SMALLCAP Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C., 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date Of Report (Date Of Earliest Event Reported):  02/22/2005
 
RELIABILITY INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
 
Commission File Number:  0-7092
 
TX
  
75-0868913
(State or Other Jurisdiction of
  
(I.R.S. Employer
Incorporation or Organization)
  
Identification No.)
 
P.O. Box 218370, Houston, TX 77218-8370
(Address of Principal Executive Offices, Including Zip Code)
 
281-492-0550
(Registrant’s Telephone Number, Including Area Code)
 
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
 

Items to be Included in this Report

 
Item 3.01.    Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
 
On February 16, 2005, Reliability Incorporated (the "Company") received a letter from Nasdaq stating that the Company's common shares will be delisted from The Nasdaq SmallCap Market effective at the opening of business on February 24, 2005.

The Company anticipates that its shares will be traded over the counter on the Pink Sheets, however no assurances can be made that any broker or market maker will make a market in the Company's common stock.

 
 
Item 9.01.    Financial Statements and Exhibits
 
Press Release Announcing Delisting From Nasdaq SmallCap Market
 

 

Signature(s)
 
Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.
 
      
 
RELIABILITY INCORPORATED
 
 
Date: February 22, 2005.
     
By:
 
/s/    Carl V. Schmidt
               
Carl V. Schmidt
               
Chief Financial Officer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Press Release Announcing Delisting From Nasdaq SmallCap Market
EX-99.1 2 rrd69825_4028.htm PRESS RELEASE ANNOUNCING DELISTING FROM NASDAQ SMALLCAP MARKET - FOR IMMEDIATE RELEASE -

-FOR IMMEDIATE RELEASE -

Additional Information:

PO Box 218370

Larry Edwards x 200

Houston, TX 77218

Carl Schmidt x 203

281/492-0550

281/492-0615 -- fax

 

RELIABILITY INCORPORATED to Delist from Nasdaq SmallCap Market

HOUSTON, TEXAS, February 21, 2005 - Reliability Incorporated (NASDAQ: REAL), a leader in burn-in and test technology for semiconductors, today announced that it received a determination by the Nasdaq Listing Qualification Staff on February 15, 2005 indicating that the Company fails to comply with the requirement of $1.00 per share minimum price over the past 180 days which is a requirement for continued listing on the Nasdaq National Market set forth in Marketplace Rule 4310(c)(8)(D), Maintenance Standard 2. The Company's stock has recently been trading between $0.50 to $.80 per share. Accordingly, the Company's securities will be delisted from The Nasdaq SmallCap Market at the opening of business on February 24, 2005.

The Company anticipates that its shares will be traded over the counter on the Pink Sheets, but can make no assurances that any broker or market maker will make a market in the Company's common stock. The "Pink Sheets" is a centralized quotation service that collects and publishes market maker quotes in real time, primarily through its web site, http://pinksheets.com/.

See the Company's website at www.relinc.com

Reliability Incorporated is based in Houston, Texas with an operating facility in Singapore. Reliability manufactures burn-in and test equipment for sale to manufacturers and volume users of integrated circuits. The Company's Singapore subsidiary provides conditioning and testing services for integrated circuits. The Company also designs and manufactures a line of power sources, including DC-to-DC power converters.


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this report regarding Reliability's business which are not historical facts are "forward looking statements" that involve risks and uncertainties that may affect the operations, performance, development and results of the Company's business and include, but are not limited to, adverse changes in the global economy, decreases in the demand for electronic products and semiconductors, market acceptance of the Company's products and services, the impact of competition, delays in product development schedules, delays due to technical difficulties related to developing and implementing technology, delays in delivery schedules, the ability to attract and maintain sufficient levels of people with specific technical talents, future results related to investments or liquidity, changes in demand for the Company's products and services and the Company's customers' products and services, the ultimate acceptance by the marke t of new products and continued listing on public markets. Actual results may materially differ from projections.

 

 

 -----END PRIVACY-ENHANCED MESSAGE-----