CT Holdings Receives Nasdaq Delisting Notice and Requests Hearing for Continued Nasdaq Listing.Business Editors DALLAS--(BUSINESS WIRE)--March 23, 2001 CT Holdings, Inc. (Nasdaq:CITN) today announced that it received a Nasdaq Staff Determination on March 16, 2001 indicating that the Company fails to comply with the minimum bid price requirements for continued listing set forth in Marketplace Rule 4310(c)(4), and that its securities are, therefore, subject to delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. from The Nasdaq SmallCap Market. The Company has requested a hearing before the Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurance that the Panel will grant the Company's request for continued listing. In the event the Panel determines to delist delist To drop a security from trading on an organized exchange. Delisting may occur for a number of reasons including failure to meet an exchange's standards or placement of a new listing on another exchange. Compare list. the Company's common stock, the Company's common stock may continue to trade on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Bulletin Board's electronic quotation system. If they do, shareholders will still be able to obtain current trading information, including the last trade bid and ask quotations and share volume. Steve Solomon, CT's Chief Executive Officer, stated, "I remain disappointed in the performance of our share price in the current adverse market conditions. I wish to unequivocally state that we are committed to enhancing shareholder value, and we remain excited about our investments in Parago and River Logic. We have requested a hearing with the Nasdaq to request that we remain listed as a Nasdaq issuer." About CT Holdings CT Holdings, Inc. (Nasdaq:CITN), is an incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the of early stage Internet companies. (www.ct-holdings.com). About Parago Parago's patent-pending technology platform and processes represent an innovative approach designed to improve the promotional marketing industry. Parago provides a range of Internet-based customer relationship management products, PromoCenter, ValueRewards and KnowledgeCenter, that are created to increase sales, reduce costs, enhance customer retention for its clients, and improve loyalty. These products comprise Parago's Continuous Customer Interaction(SM) model, which helps retailers, manufacturers and service organizations reduce the cost of conducting promotions and drive incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenue by cross-selling and upselling new products and services. During the relationship management process, Parago captures fresh, accurate, and usable USable is a special idea contest to transfer US American ideas into practice in Germany. USable is initiated by the German Körber-Stiftung (foundation Körber). It is doted with 150,000 Euro and awarded every two years. transaction and buyer demographic data that can be used by its clients to improve their promotional marketing programs. Parago, Inc. is a subsidiary of CT Holdings, Inc. (Nasdaq:CITN) and maintains a web site at www.parago.com. About River Logic River Logic, Inc. develops and supports 3rd Generation Internet Network Solutions customized for vertical market segments. Network Solutions contain a suite of value-added applications, management tools, and standard network components that connect domain experts and end-users to premium expertise knowledge that allow organizations to optimally leverage their intellectual assets to gain decisive competitive edge. River Logic is headquartered at 800 Cummings Center The Everett A. Cummings Center (Cummings Center for short) is an indoor/outdoor convention center and fairgrounds in Mount Morris Township, Michigan. It was built in 1969 as the permanent home of the Genesee County Fair, held every year at the complex. , Suite 355W, Beverly, MA 01915 and has just added an office in Atlanta, GA located at 100 Mansell Center East, Suite 225, Roswell, GA 30076. More information is available at www.riverlogic.com or via email at info@riverlogic.com, or at 978/753-5029. For more information on CT Holdings, its Internet subsidiaries, and its Citadel Technology line of security software products, please visit our Web site at http://www.ct-holdings.com. For information on purchasing products, contact us directly by writing or calling: CT Holdings, 3811 Turtle Creek Turtle Creek may refer to: Streams
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. 75219; phone: 214/520-9292; fax: 214/520-9293. 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 contains forward-looking statements, which involve risks and uncertainties. Accordingly, no assurances can be given that the actual events and results will not be materially different that the anticipated results described in the forward-looking statements. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include the Company's failure to remain in compliance with Nasdaq's other 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. in addition to the minimum bid requirement, the Company's decision not to pursue continued listing on the Nasdaq SmallCap Market, a decision by the Nasdaq Listing Qualifications Panel to delist the Company's common stock from the Nasdaq SmallCap Market, and, in the event of delisting, a decision by the Company not to attempt to have its common stock traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , there may not be market makers for the shares of common stock and an active market may not continue to exist, as well as other risk factors. Investors are also encouraged to read the "Risk Factors" section of the Company's Annual Report on Form 10-KSB for the year ended February 29, 2000, and the Company's Quarterly Report on Form 10-QSB for the quarter ended September 30, 2000, and the Company's other filings, which are on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or 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 after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of unanticipated events. |
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