Cruise retailer Online Vacation Center Holdings provided notice to the U.S. Securities and Exchange Commission that it intends to deregister its common stock.
The Florida company's core business is Online Vacation Center, an online and over-the-phone retailer focusing on selling high-margin cruises to the upscale retiree market.
The company also owns Dunhill Vacations, which publishes three travel newsletters, including TRAVELFLASH.
Online Vacation Center said it expects its stock, which currently trades on the over-the-counter market, to be deregistered within 90 days.
The stock would then be quoted on the Pink Sheets, an electronic quotation service for over-the-counter stocks.
For the quarter ending Sept. 30, 2010, Online Vacation Center Holdings recorded a net loss from continuing operations of nearly $305,000 compared with a net loss of some $132,000 a year earlier.
The company attributed much of the loss to increases in general and administrative expenses, and selling and marketing costs.