HIALEAH, FL -- Simclar Inc. intends to voluntarily delist its common shares from the Nasdaq Capital Market and voluntarily deregister its common shares by Dec. 19 and cease filing reports with the Securities and Exchange Commission, the EMS company said today.

The company, a 73.4% owned subsidiary of privately held Simclar Group Ltd., said the costs of its Nasdaq listing and SEC compliance is "substantial" and the benefits "intangible."
The company has fewer than 300 common shareholders and therefore is eligible to deregister those shares and exit the SEC's periodic reporting system.

The company's common shares are thinly traded and its board concluded the benefits of having its common shares listed and registered outweigh the costs.

Ironically, Simclar recently regained compliance with Nasdaq continued listing requirements when it filed its Forms 10-Q for the quarters ending June 30 and Sept. 30, 2008, following an earlier delay in the filing of its second quarter 2008 Form 10-Q. It said that process, along with an ongoing restructuring, informed its decision to delist.

The Company expects that it will file the appropriate delisting paperwork with the SEC on or about Dec. 19. Delisting of its common shares would take effect 10 days thereafter.