Huffy Corporation has received an early warning letter from the New York Stock Exchange indicating that with the recent decline in market capitalization and the anticipated significant loss in the first quarter of 2004, the Corporation could fall below the Exchange's continued listing criteria as outlined in the NYSE Listed Company Manual.
The letter, which stated that “no action is required at this time,” also indicated that the Company could expect to receive formal notification from the NYSE should it trigger any of these criteria, and identified the actions and timelines that the Company would have to take in order to return to conformity with the Exchange's continued listing criteria.
