CoreComm Limited Announces Notice of Delisting.Business Editors NEW YORK--(BUSINESS WIRE)--July 25, 2001 CoreComm Limited (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 : COMM) (the "Company") today announced that on July July: see month. 23, 2001, it received a Nasdaq Staff Determination indicating that the Company failed to comply with the minimum bid price requirement for continued listing, and is 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 National Market. The Company intends to file a request for a hearing before Nasdaq Listing Qualifications Panel to review the Nasdaq Staff Determination. Pending such hearing, the Company's common stock will continue to trade on the Nasdaq National Market. There can be no assurance that the Company will prevail at the hearing, and that its common stock will not be delisted from the Nasdaq National Market. |
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