CoActive Marketing Group, Inc. Receives Notification of Possible Delisting from Nasdaq.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CoActive co·ac·tion n. 1. An impelling or restraining force; a compulsion. 2. Joint action. 3. Ecology Any of the reciprocal actions or effects, such as symbiosis, that can occur in a community. Marketing Group, Inc. (NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for : CMKG) announced today that on February 16, 2007 it received an Additional Nasdaq NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Staff Determination letter stating that CoActive is not in compliance with the requirements for continued listing as set forth in Nasdaq Marketplace Rule 4310(c)(14) because of the Company's failure to timely file its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended December 31, 2006. As previously announced, CoActive received a similar letter from Nasdaq in November 2006 indicating that the Company's securities were subject to delisting due to its failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2006. CoActive timely appealed the initial Staff Determination Letter, and on February 8, 2007 appeared before a Nasdaq Listing Qualifications Panel to request that it be provided until May 21, 2007 to become current in its reporting obligations under the Securities Exchange Act of 1934, as amended. The Panel has not yet rendered a decision on this matter, and CoActive's common stock will continue trading on Nasdaq pending the decision by the Panel. CoActive is currently working with its auditors to become current in its reporting obligations and believes that it can do so by May 21, 2007. However, there can be no assurance that CoActive will be able to become compliant within such time period or that the Panel will grant CoActive's request to defer delisting of CoActive's common stock until such time. Additional information related to the matters in this press release is provided in Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed by the Company with the SEC on November 22, 2006 and January 16, 2007. About CoActive: CoActive Marketing Group, Inc. is an integrated marketing communications Integrated Marketing Communications Definition The American Marketing Association suggests that integrated marketing communications (IMC) is “a planning process designed to assure that all contacts received by a customer or prospect for a product, service, or agency. The Company's services include buzz and viral marketing, social media and consumer generated media, relationship marketing, experiential marketing, event marketing, and ethnic marketing. The Company's programs help its clients profitably connect with consumers and create advocates for client brands. This press release includes statements which constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. |
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