24/7 Real Media Announces Approved Transfer to Nasdaq SmallCap Market.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--June 6, 2002 24/7 Real Media, (Nasdaq: TFSM), a leader in interactive marketing, today announced that it has received approval from The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. to transfer its listing from the National Market to the SmallCap Market effective at the opening of business today. The Company's securities will continue trading under its current symbol: "TFSM." "Listing on the Nasdaq SmallCap Market enables 24/7 Real Media to maintain a liquid trading profile on a well-regulated and transparent market transparent market A market in which current quotation and trade information is readily available to the public. for the benefit of all our stockholders," said Norman Blashka, Chief Financial Officer of the Company. "We are pleased that our application to transfer to the Nasdaq SmallCap Market has been accepted, since this will provide the Company with additional time to execute our business plan and drive more successful quarters like our first quarter, all of which should help us comply with the Nasdaq Stock Market's $1.00 minimum bid price requirement." In the event 24/7 Real Media does not meet the minimum bid price requirement by the August 13, 2002 deadline, Nasdaq can grant the company an additional 180-day grace period, or until February 10, 2003, to regain compliance. If the company meets the "core" initial listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. for the Nasdaq SmallCap Market as of that date, principally, a $5 million stockholder's equity Stockholder's equity The residual claims that stockholders have against a firm's assets, calculated by subtracting all current liabilities and debt liabilities from total assets. requirement, such an extension would likely be granted. "We continue to evaluate all necessary alternative courses of action to ensure our continued listing on the Nasdaq Stock Market," said Mr. Blashka. "Our company's turnaround is well on its way, and our recent executives' meeting, at which we crafted 18 month and five year strategic plans, has us extremely bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish on our future." About 24/7 Real Media, Inc. 24/7 Real Media provides marketing and technology solutions to online marketers and publishers to maximize customer relationships and revenue. Our products and services include: Internet ad serving technology, online media representation, integrated marketing solutions comprised of network and site specific advertising, online promotions and search engine optimization Designing a Web site so that search engines easily find the pages and index them. The goal is to have your page be in the top 10 results of a search. Optimization includes the choice of words used in the text paragraphs and the placement of those words on the page, both visible and hidden . For more information, please visit our Web site: www.247realmedia.com. Caution concerning forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This news release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Actual results may vary materially from the expectations contained herein due to changes in economic, business, competitive and/or regulatory factors. More detailed information about those factors is set forth in the most recent quarterly report and other filings with the Securities and Exchange Commission made by the companies named herein. In addition, the following factors, among others, could cause actual results to differ materially from those described herein: the risk that the 24/7 Media and the Real Media ad serving platforms and businesses will not be integrated successfully, the potential for impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. of relationships with employees or customers, the costs related to the merger or integration of ad serving platforms, the inability of the companies to realize synergies or other anticipated benefits of the merger, and other economic, business, competitive and/or regulatory factors affecting the businesses of 24/7 Real Media. The Company is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. |
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