Cybear Group Announces Delisting Notification.Business Editors/Health & Medical Writers BOCA RATON, Fla.--(BW HealthWire)--Feb. 27, 2001 Andrx Corporation's Cybear Group (Nasdaq:CYBA CYBA Charter Yacht Broker Association CYBA Conejo Youth Basketball Association (Conejo Valley, California) CYBA California Yacht Brokers Association CYBA Cybertron Army CYBA Columbia Yacht Brokers Association ) today announced that it has received notification from Nasdaq that Cybear Group Common Stock no longer meets the minimum price requirement set forth in Marketplace Rule 4450(a)(3) and is subject to delisting from the Nasdaq National Market. Cybear Group has appealed the staff's decision to a Nasdaq listing qualifications panel, which appeal has stayed the delisting. Cybear Group Common Stock will continue to trade on the Nasdaq National Market until a decision is rendered on the appeal. Andrx Corporation-Andrx Group Common Stock (Nasdaq:ADRX ADRX Andrx Corporation (stock symbol) ) is not affected by the Nasdaq notification to, or the decision on, Cybear Group's listing. Andrx Corporation - Cybear Group stock tracks the business of Cybear, Inc., which is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , and is an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and Applications Service Provider (ASP) for the healthcare industry. Cybear uses its own secure private network to provide access to the Internet, e-mail, and productivity applications available on a transaction or subscription basis to physicians, physician organizations, pharmacies, and hospitals. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "to," "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties. Cybear Group is a class of common stock of Andrx Corporation, therefore Cybear Group Shareholders are subject to the risks and uncertainties described in Andrx Corporation's filings with the Securities and Exchange Commission, including Cybear Inc.'s and Andrx Corporation's Annual Report on Form 10-K, for the year ended December 31, 1999. Contact: Tim Nolan, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Cybear Inc., 5000 Blue Lake Drive, Suite 2000, Boca Raton, FL 33431, 561-999-3500. This release, and additional information about Cybear Group and Andrx Corporation, is also available on the Internet at: http://www.cybear.com and http://www.andrx.com. |
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