D.G. Jewelry Receives Nasdaq Notification of Non-Compliance With Requirement of Minimum $1 Per Share.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 7, 2002 D.G. Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. Inc. (Nasdaq:DGJL), D.G. Jewelry Inc. today reported that it has received a Nasdaq notification which indicates that the Company fails to comply with the Marketplace Rule 4310(c)(4) requirements for continued listing on the Nasdaq Markets. The notification points out that for the last 30 days or more, the Company's common stock has closed below the minimum $1.00 per share requirement for continued inclusion under the Rule. The Company has accordingly been advised that it has 180 calendar days, or until March 31, 2003, for the bid price of the common stock to close at or above $1.00 per share for a minimum of ten consecutive trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . If compliance with this requirement cannot be demonstrated by that date, but if the Company at that time meets the initial listing criteria under Marketplace Rule 4310(c)(2)(A), then a further 180 days will be provided within which to demonstrate compliance with the minimum closing bid requirement. If however, the Company does not meet the initial listing criteria at that time, the Company will then be notified that its securities will be de-listed. If such notification of de-listing is given to the Company, the Company will have the right, if it chooses to do so, to appeal the de-listing determination to a Nasdaq Listing Qualifications Panel ("Panel") to review the Staff Determination. There can be no assurance the panel will grant such an appeal for continued listing. D.G. Jewelry Inc. is primarily engaged in the design, merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. and distribution of stone-set jewelry for department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , mass merchants, catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. showrooms, television shopping networks and other high-volume retailers and other major discounters in the U.S., Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of and Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). . For more information, please visit us at www.dgjewelry.com.
Except for the historical information contained herein, the matters discussed in this release include 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. that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product demand, the impact of competitive products and pricing, changing economic conditions both here and abroad, release and sales of new products, changing retail economic conditions, reliance on major accounts and banking relationships, general economic conditions including those specific to the jewelry industry, and other risk factors detailed in the company's most recent annual report and filings with the Securities and Exchange Commission. The Company cannot be assured of its ability to continue as a going concern or that its bankers will continue their funding of the Company, or that its vendors or customers will continue to support the Company going forward. |
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