TORONTO, Dec. 4 /CNW/ - Eiger Technology, Inc. (TSX: AXA OTCBB: ETIFF)
(the "Company") has been advised that the Toronto Stock Exchange ("TSX") is
reviewing the eligibility for continued listing on TSX of the common shares of
the Company pursuant to Part VII of The Toronto Stock Exchange Company Manual.
The Company is being reviewed under the Remedial Review Process and has been
granted 120 days to comply with all requirements for continued listing. If the
Company cannot meet TSX requirements on or before April 1, 2008, the Company's
securities will be delisted 30 days from such date.
The Company anticipates meeting the requirements set out by the TSX by
April 1, 2008.
Eiger Technology, Inc., headquartered in Toronto, Ontario is a publicly
traded company listed on the Toronto Stock Exchange. For more information
please call (416) 216-8659 or refer to www.sedar.com.
The management of the company, who take full responsibility for its
content, prepared this press release. The Toronto Stock Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release. This press release contains forward-looking statements relating
to future events and results that are based on Eiger's current expectations.
These statements involve risks and uncertainties including, without
limitation, Eiger's ability to successfully develop and market its products,
consumer acceptance of such products, competitive pressures relating to price
reductions, new product introductions by third parties, technological
innovations, and overall market conditions. Consequently, actual events and
results in future periods may differ materially from those currently expected.
For further information:
For further information: John G. Simmonds, CEO, Eiger Technology, Inc.,
Telephone: (416) 216-8659, Ext. 301