Wilshire Enterprises, Inc. (NYSE Amex: WOC) has re-elected the nominees for its Board of Directors, Milton Donnenberg and Sherry Wilzig Izak, at the Annual Meeting of Stockholders which was held on December 29, 2009. After careful review and consideration, the company decided they will not be able to submit a plan to regain compliance with the NYSE Amex LLC continued listing standards. As previously announced, on December 1, 2009 the company received a notice from NYSE Amex indicating non-compliance with the continued listing standards.
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About Wilshire Enterprises
Wilshire is engaged primarily in the ownership and management of real estate investments in Arizona, Texas and New Jersey. Wilshire's portfolio of properties includes five rental apartment properties with 950 units, 10 condominium units, two office buildings and a retail/office center with approximately 200,000 square feet of office and retail space, and slightly more than 19 acres of land.
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