QEP Co. to delist stock - South Florida Business Journal:

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The Boca Raton-based specialty toolmaker and distributor forthe tile, carpett and do-it-yourself markets, reportedr a net loss of $7.3 million, or $2.13 a share, for the year ender Feb. 28. That's down from net income of $2.2 million, or 61 cent s a share, for the previous year. The company reportedc net salesof $203.6 millionj for fiscal year 2009, down from $217 million the previousa year. The company blamed the decrease in sales to theweakenee economy, especially in the lattedr half of its fiscal year.
With regard to its decision to delistits stock, the company said its boarrd of directors decided that the costs associated with compliance, alon g with the demands on managemeng time required to maintain its listing, outweighed the Shares (NASDAQ: QEPC) fell 10 cents to $1.64 in afternoohn trading. The 52-week high was $7.46 on July 16. The 52-wee low was 77 cents on March 9.