Salton, Inc. said it was notified by the New York Stock Exchange that it had accepted Salton's plan for continued listing on the NYSE.
Salton's common stock will continue to be listed on the NYSE pending quarterly reviews by the NYSE's Listing and Compliance Committee during an 18-month period (starting as of May 19, 2006) to ensure compliance with the goals and initiatives in the plan.
The NYSE earlier notified Salton that it was considered "below criteria" because its total average market capitalization over a consecutive 30-day trading period and its stockholders' equity were each less than U.S $75 million.
Salton, based in lake Forest, Illinois, U.S., is a designer, marketer and distributor of small appliances and housewares, including brands such as Salton(R), George Foreman(R), Westinghouse(TM), Toastmaster(R), Melitta(R), Russell Hobbs(R), Farberware(R), Ingraham(R), and Stiffel(R).
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