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Baldwin in Compliance with NYSE Amex Listing Standards
Wednesday 15. December 2010 - Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global leader in process automation technology for the printing industry, today reported that it has received a letter from the NYSE Amex confirming that the Company is in full compliance with all the continued listing standards set forth in the NYSE Amex Company Guide.
As previously reported, in the transition from its former President and CEO and the appointment of its new President and CEO (formerly an independent director of the Company), the Company was notified by the Exchange in October that it was not in compliance with certain of the listing standards related to the makeup of its Board and Committees and that it would be required to resolve the issue by March 29, 2011. In November, the Company elected a new independent director to its Board of Directors, appointed him to serve on the Audit and Compensation Committees, and therefore, the Company regained compliance with the listing standards.