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COVINGTON DEVELOPMENT GROUP ANNOUNCES NASDAQ STOCK MARKET DELISTING

COVINGTON DEVELOPMENT GROUP ANNOUNCES NASDAQ STOCK MARKET DELISTING
 FULLERTON, Calif., June 9 /PRNewswire/ -- Covington Development Group Inc. (NASDAQ-NMS: COVT) a Fullerton-based development company, announced today that the company would be delisted from the NASDAQ system, effective June 11, 1992, because the company did not possess a minimum of $1,000,000 in capital and surplus which is required by the NASD to qualify for continued listing.
 Upon its delisting from NASDAQ, the company anticipates that its common stock will be quoted on the OTC bulletin board.
 -0- 6/9/92
 /CONTACT: George Reinhardt of Covington Development, 714-879-0111/
 (COVT) CO: Covington Development Group Inc. ST: California IN: CST SU:


KJ-EH -- LA025 -- 8616 06/09/92 20:00 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
Words:117
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