Cortech Receives Nasdaq National Market Delisting Notice.Business Editors BEDMINSTER Bedminster may refer to:
CORTECH, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ., (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 : CRTQ) ("Cortech" or the "Company") announced today that it received a Nasdaq Staff Determination on September 24, 2002 indicating that the Company fails to comply with the Minimum Market Value of Publicly Held Shares requirement for continued listing set forth in Marketplace Rule 4450(e)(1), 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 National Market. Cortech has applied to transfer its securities to The Nasdaq SmallCap Market. The initiation of the delisting proceedings will be stayed pending the Nasdaq Staff's review of the Company's transfer application. While the Company believes it meets the current requirements for inclusion on The Nasdaq SmallCap Market, there can be no assurance that the Nasdaq Staff will approve the transfer application. Cortech has 3,616,380 shares of common stock outstanding. This Press Release contains 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. which may involve known and unknown risks, uncertainties and other factors. Cortech cautions investors, not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date. |
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