June 14, 2006 -- As mentioned in the news article posted on March 24th, the Advisory Committee on Smaller Public Companies ("Committee") was scheduled to make recommendations to the U.S. Securities and Exchange Commission ("SEC") at the end of April.  

Upon review of the Final Report submitted by the Committee, the SEC determined last month that smaller public companies will not be exempt from complying with the Sarbanes-Oxley law. 

In the meantime, lawmakers have proposed the exemption of companies with a market value of less than $700 million.

For more information, contact Joe Beach at 215-564-1900.

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