SOS Staffing Effects 5 to 1 Reverse Stock Split

SOS Staffing Services Inc. (NASDAQ:SOSS) announced yesterday that it was affecting a 5-to-1 reverse stock split of all outstanding shares of the company's common stock. The action is being taken as part of an effort to maintain the company's listing on the Nasdaq SmallCap Market (the "SmallCap Market"). The company's board of directors and stockholders had previously approved the reverse stock split. After the close of trading on Aug. 27, 2003, each five shares of outstanding common stock of the company were automatically converted into one share. The company's common stock will begin tradin...