Cross Media Marketing Corp. Announces Receipt of Delisting Notice From Amex.Business Editors NEW YORK--(BUSINESS WIRE)--July 16, 2003 Cross Media Marketing Corporation (AMEX AMEX See: American Stock Exchange : XMM XMM - Extended Memory Manager ) announced today that it received a notice from the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. ("Amex" or the "Exchange") indicating that the Company no longer complies with the Exchange's continued listing standards due to the substantial impairment of the Company's financial condition. In view of the foregoing and in accordance with Sections 1003(a)(iv) and Section 1003(d) of the Amex Company Guide, the Exchange has notified the Company that it intends to proceed with the filing of an application with the Securities and Exchange Commission to delist and deregister the Company's common stock from the Exchange. The Company does not plan to appeal the Exchange's determination. The Exchange suspended trading Suspended trading Temporary halt in trading in a particular security, in advance of a major news announcement or to correct an imbalance of orders to buy and sell. suspended trading The temporary suspension of trading in a security. in the Company's common stock, effective July 10, 2003, and such shares are now listed on the National Quotation Bureau's Pink Sheets (CMKC:PK). |
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