Clean Diesel Technologies Common Stock To No Longer Trade on The Nasdaq SmallCap Market; Expected to Trade on Bulletin Board.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn.--(BUSINESS WIRE)--July 1, 1998--Clean Diesel Technologies Inc. (EBB:CDTI CDTI Centro Para el Desarrollo Tecnológico Industrial (Spain) CDTI Cockpit Display of Traffic Information CDTI Common rail Diesel Turbo Injection CDTI Commercial Driver Training Institute (Pakistan) ), a development-stage company, Wednesday Wednesday: see week. announced that, effective at the close of business on June June: see month. 30, 1998, its Common Stock no longer trades on The Nasdaq SmallCap Market(TM). The company expects its Common Stock will begin trading on the Electronic Bulletin Board under the trading symbol Trading symbol See: Ticker symbol CDTI, effective with the opening of the market today. The company announced early last month that it had received from Nasdaq a conditional exception to The SmallCap Market net tangible assets/market capitalization/net income requirement until June 30, 1998. At that time the company indicated it would be difficult to achieve the Nasdaq asset requirement by the June 30 deadline and maintain the trading of its Common Stock on the SmallCap Market. Clean Diesel Technologies has patent-protected products that reduce emissions from diesel engines while simultaneously improving fuel economy and power. R&D efforts and products are grouped into two categories: PFCs and NOx Reduction Systems. Platinum platinum (plăt`ənəm), metallic chemical element; symbol Pt; at. no. 78; at. wt. 195.08; m.p. 1,772°C;; b.p. 3,827±100°C;; sp. gr. 21.45 at 20°C;; valence +2 or +4. Plus is a registered trademark of Clean Diesel Technologies Inc.
CONTACT: Allen & Caron Inc.
Mark Alvino (investors)
212/698-1360
Owen Daley (media)
714/957-8440
or
Clean Diesel Technologies Inc.
Scott Schecter, 203/327-7050
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