HOUSTON, Nov. 13, 2017 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it has regained compliance with the New York Stock Exchange's (NYSE) share price continued listing standards. On November 9, 2017, the NYSE notified ION that it was back in compliance due to the Company's performance with respect to the business plan submitted to the NYSE and compliance with the NYSE's minimum market capitalization requirement over the past two quarters. Accordingly, the Company's common stock will continue to be listed on the NYSE.
ION Geophysical Corporation ("ION" or "the Company") is a leading provider of technology-driven solutions to the global oil and gas industry. ION's offerings are designed to help companies reduce risk and optimize assets throughout the E&P lifecycle. For more information, visit iongeo.com.
EVP, General Counsel & Corporate Secretary
Matthew Powers, +1 281.552.3011
The information herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include information and other statements that are not of historical fact. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include risks associated with the timing and development of the Company's products and services, pricing pressure, decreased demand, and changes in oil prices; and political, execution, regulatory, and currency risks. Additional risk factors, which could affect actual results are disclosed by the Company in its fillings with the Securities and Exchange Commission ("SEC"), including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The Company expressly disclaims any obligation to revise or update any forward-looking statements.
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SOURCE ION Geophysical Corporation