Corel to Remain Listed on NASDAQ National Market: NASDAQ Listing Qualifications Panel Grants Company's Appeal of Delisting Notice.Business Editors/High-Tech Writers OTTAWA--(BUSINESS WIRE)--July 3, 2003 Corel Corporation (company) Corel Corporation - A software publisher best known for the CorelDraw application. Founded in June 1985 by Dr. Michael Cowpland, Corel Corporation was originally a systems integration company. (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 :CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :COR) today announced that the Company's securities will remain listed on the NASDAQ National Market following the successful appeal of its delisting notice before the NASDAQ Listing Qualifications Panel. Corel received a NASDAQ Staff Determination on May 1, 2003, indicating that the Company failed to comply with the US$1 minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(a)(5). Corel officials presented the Company's appeal in a hearing on June 5, 2003. The company was notified of the Panel's decision on July 2, 2003. In rendering its decision, the Panel acknowledged the Company's compliance with the minimum bid price requirement given that Corel's stock closed at or above US $1 per share for the past 17 consecutive trading days. The Company also complies with all other requirements for continued listing on the NASDAQ National Market. The NASDAQ Listing and Hearing Review Council has the option to review any Panel decision within 45 calendar days after issuance of a decision. If the Listing Council determines to review this decision, it may affirm, modify, reverse, dismiss, or remand the decision to the Panel. About Corel Corporation Founded in 1985, Corel Corporation (www.corel.com) is a leading technology company specializing in content creation tools, business process management and XML-enabled enterprise solutions. The company's goal is to give consumers and enterprise customers the ability to create, exchange and instantly interact with visual content that is always relevant, accurate and available. With its headquarters in Ottawa, Canada, Corel's common stock trades on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CORL and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol COR. (C) 2003 Corel Corporation. All rights reserved. Corel and the Corel logo are trademarks or registered trademarks of Corel Corporation in Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies. |
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