EL SEGUNDO, Calif., Dec. 15, 2006 (PRIME NEWSWIRE) -- Bell Industries, Inc. (AMEX:BI) said today it plans to withdraw the listing of its common stock from NYSE Arca, Inc., formerly the Pacific Exchange. Bell Industries' common stock will continue to be listed on the American Stock Exchange.
The company said it decided to withdraw its listing from NYSE Arca, Inc. to streamline operations, lower costs and eliminate duplicative administrative requirements inherent with dual listings. The withdrawal is expected to be effective within the next month.
Bell Industries does not believe that withdrawing its listing from NYSE Arca, Inc. will have any impact on the liquidity of its stock. NYSE Arca will continue to trade the company's stock on an unlisted trading privilege basis.
About Bell Industries, Inc.
Bell Industries is comprised of two diversified operating units, Bell's Technology Solutions business and its Recreational Products Group. The company's Technology Solutions business offers a comprehensive portfolio of technology products and managed lifecycle services, including planning, product sourcing, deployment and disposal, and support services. The Recreational Products Group distributes after-market parts and accessories primarily to the recreational vehicle and boating markets.