All-American SportPark Withdraws Appeal of Nasdaq Staff Determination.Business Editors LAS VEGAS--(BUSINESS WIRE)--Jan. 9, 2001 All-American SportPark Inc. (Nasdaq:AASP AASP Apple Authorized Service Provider AASP Associação dos Advogados de São Paulo (Brazil) AASP Alliance of Automotive Service Providers AASP American Association of Stratigraphic Palynologists AASP American Association of Swine Practitioners ) today reported that it has withdrawn its appeal to Nasdaq regarding the company's inability to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Marketplace Rule 4310 (c)(4). As a result, the company's securities are subject to delisting from the Nasdaq SmallCap Market. Once delisted from Nasdaq, the company's securities will trade on the Over the Counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) Bulletin Board under the same symbol -- AASP. The company had requested a hearing before a Nasdaq Listing Qualifications Panel ("panel") to review the staff determination. This hearing request would have stayed the delisting of the company's securities pending the panel's decision. Based on discussions with Nasdaq's chief counsel and the company's securities counsel, management of AASP concluded that it would be nearly impossible to prevail in its appeal because of (1) the stringent Nasdaq requirements for continued listing and (2) the time period by which sustained compliance with such requirements would have to be met. AASP is owned approximately two-thirds by Sports Entertainment Enterprises Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SPEN SPEN Statewide Police Emergency Network (for inter-agency communications during emergencies) ). The company and its subsidiaries are the 100 percent owners and operators of the All-American SportPark, a family and sport-oriented action theme park, and the Callaway Golf Center, located on 65 acres on the south end of the Las Vegas "Strip" in Las Vegas. Sport and entertainment major attractions included in the All-American SportPark are NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. SpeedPark, Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. Slugger Stadium and Pepsi's All Sport Arena. |
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