Regency Affiliates, Inc. Announces Deregistration of Common Shares


NEW YORK, NY, October 26, 2010 /24-7PressRelease/ -- Regency Affiliates, Inc. (the "Company"), a company with investments in a power generation facility and a single tenant office building occupied by the United States Social Security Administration, announced that the Company has filed to deregister its Common Shares under the Securities Exchange Act of 1934, as amended. The directors of the Company determined that any beneficial effect to the Company of being registered is substantially outweighed by the current and increasing regulatory burdens and costs of such registration. These include costs that would be involved to implement Section 404 of the Sarbanes-Oxley Act together with substantial, additional accounting and legal costs had the Company remained a reporting company. The Company anticipates that its shares will continue to be quoted on the Pink Sheets, although no assurance can be given that our common stock will continue to be quoted following our deregistration with the SEC.

Laurence Levy, Chairman and Chief Executive of Regency stated, "I am pleased to have achieved this milestone for Regency. It will enable us to streamline our cost structure and to continue building shareholder value while reducing our regulatory and professional expense costs."

Press Release Contact Information:

Marc Baldinger
Regency Affiliates, Inc.
Owner
New York, NY
USA
Voice: 772-334-8181
Website: Visit Our Website