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ADVANCED GRAVIS COMPUTER TECHNOLOGY LTD. NASDAQ LISTING WITHDRAWN

ADVANCED GRAVIS COMPUTER TECHNOLOGY LTD. NASDAQ LISTING WITHDRAWN
 VANCOUVER, British Columbia, June 16 /PRNewswire/ -- Advanced Gravis Computer Technology Ltd. (Toronto, Vancouver: AED) common stock will no longer continue to be included for quotation in the National Association of Securities Dealer's Automated Quotation System (NASDAQ) effective immediately. The company's shares have been withdrawn because of a failure to meet the capital and surplus requirements of NASDAQ.
 The company was unsuccessful in its appeal to continue to be listed on NASDAQ. The company had submitted that the company did indeed meet the capital and surplus requirements of $1,000,000. The company proposed that long-term, subrogated, and convertible shareholder loans totalling $2,340,000 should be viewed as part of the capital base of the company. If included in the company's capital base, Advanced Gravis would have then easily met all NASDAQ requirements for continued listing.
 The company is extremely disappointed with this determination as it values its NASDAQ listing. As a result the company has decided to continue listing on the OTC Bulletin Board. The company's symbol will continue to be GRVSF.
 The company continues to meet the listing requirements of the Toronto Stock Exchange and the Vancouver Stock Exchanges. Therefore the common shares of Advanced Gravis will continue to be listed on the Toronto Stock Exchange and the Vancouver Stock Exchange under the symbol of AED.
 The company intends to seek reinstatement on NASDAQ once it can fully meet the requirements for listing.
 -0- 6/16/92
 /CONTACT: David Reid of Advanced Gravis Computer Technology, 604-431-5020/
 (AED.) CO: Advanced Gravis Computer Technology Ltd. ST: British Columbia IN: SU: JL -- LA026 -- 0892 06/16/92 18:26 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:277
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