MMC ENERGY INC
SymbolMMCE

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MMC Energy, Inc. Announces Voluntary Delisting From NASDAQ

2009-09-25 12:51 ET - News Release

NEW YORK, Sept. 25, 2009 (GLOBE NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) today announced that it has notified the NASDAQ Stock Market ("NASDAQ") of its intent to delist its common stock (the "Common Stock") from the NASDAQ Global Market. The Company currently anticipates that on the later of October 5, 2009 or the closing date of the previously-disclosed sale of its two GE LM6000 PC Sprint Turbines for $26.65 million to a subsidiary of Pro Energy (which sale is expected to close no later than October 7, 2009) it will file with the Securities and Exchange Commission and NASDAQ a Form 25 relating to the delisting of the Common Stock. The Company expects that trading in the Common Stock will be suspended by NASDAQ effective at the open of business of the date upon which the Form 25 is filed, with official delisting of the Common Stock becoming effective ten days thereafter.

The Company intends to file its certificate of dissolution with the Secretary of State of the State of Delaware following the closing of the sale of the turbines and close its stock transfer books at the close of business on such date.

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