ABFI Continues Nasdaq Listing

American Business Financial Services, Inc., said it has complied with the NASDAQ National Market System’s Continued Listing Standards and will maintain its listing on the stock exchange.At the same time, the company said it has withdrawn its application for listing on the American Stock Exchange. As of June 24, the market value of ABFI’s publicly held shares has been $5.0 million or greater for at least ten consecutive trading days, meeting a key requirement for continued listing. ABFI Chairman and CEO Anthony Santilli said the company’s origination volume continues to grow month by month. “We expect and have previously announced record or near record loan originations for the current month and quarter as part of our upward origination trend,” he said in a company statement.