CHARLOTTE, N.C., April 24, 2014 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential hygiene and sanitizing solutions, announced today that its Board of Directors has approved and Swisher has requested to voluntarily delist its shares from the Toronto Stock Exchange ("TSX"). The delisting is expected to occur at the close of trading on April 30, 2014.
The decision to delist was primarily based on the minimal trading volume of Swisher's shares on the TSX over a sustained period no longer justifying the expense and administrative efforts associated with maintaining a dual listing.
Swisher's common shares will continue to trade on the NASDAQ Capital Market under the ticker SWSH, where it has been listed since February 2011, and its Canadian shareholders will be able to continue to trade their Swisher common shares on that market.
About Swisher Hygiene Inc.
Swisher Hygiene Inc. is a NASDAQ and TSX listed company that provides essential hygiene and sanitizing solutions to customers throughout much of North America and internationally through its network of company-owned operations, franchise and master licensees. These solutions include essential products and services that are designed to promote superior cleanliness and sanitation in commercial environments, while enhancing the safety, satisfaction and well-being of employees and patrons. These solutions are typically delivered by employees on a regularly scheduled basis and involve providing Swisher's customers with: (i) consumable products such as detergents, cleaning chemicals, soap, paper and supplies, together with the rental and servicing of dish machines and other equipment for the dispensing of those products; (ii) the rental of facility service items requiring regular maintenance and cleaning, such as floor mats, mops, bar towels, and linens; and (iii) manual cleaning of their facilities. Swisher serves customers in a wide range of end-markets, with a particular emphasis on the foodservice, hospitality, retail and healthcare industries.