Oct 1 2007
Aerofoam Metals Inc. today announced that a market maker has submitted an application on Form 211 to the Financial Industry Regulatory Authority (FINRA) formerly known as the NASD, in connection with SEC Rule 15c2-11 and NASD Marketplace Rule 6740 following an SEC trading suspension, for the Company's common stock to resume quotation on Pink Sheets. Aerofoam is presently awaiting comments from FINRA and, pending regulatory approval, will resume trading on Pink Sheets.
Due to a mistake of corporate identity, Aerofoam wrongly became the subject of an Order to suspend trading on June 13, 2007. The SEC's investigation of the matter showed that Aerofoam was in fact named in error, and the Order has subsequently been amended without prejudice to Aerofoam. For further information please see our website: www.aerofoammetals.com. Although the issue has been resolved, the application to FINRA is necessary as Aerofoam's common stock was affected by the cease trade and is required to resume trading.
Paul Colacci, President of Aerofoam Metals Inc., commented, "We have greatly appreciated the continued support from shareholders and strategic partners during this period and we look forward to exciting times ahead."