DA Consulting Group Inc. Applies for Listing On The Nasdaq SmallCap Market.Business Editors DA Consulting Group Inc. (Nasdaq:DACG DACG Departure Airfield Control Group DACG Documentation Associates Consulting Group, Inc (Houston, TX) ), a global consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in corporate knowledge services, today announced that it was informed by 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. Inc. ("Nasdaq") that trading of its shares will be moved from The Nasdaq National Market to The Nasdaq SmallCap Market effective with the open of business on July 12, 2002. Daily trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. and closing price will continue to be available on the same basis as previously available from on-line services, financial newspapers and general circulation newspapers. As the market value of the Company's public float (e.g. shares held by nonaffiliates) has fallen below $5,000,000 and its share price has fallen below $1.00, which are the minimum public float and share price required to remain on The Nasdaq National Market, the Company elected to apply for listing of its common stock on The Nasdaq SmallCap Market in order to ensure the continuity of its Nasdaq listing. Continued listing on The Nasdaq SmallCap Market requires a bid price of at least $1.00 per share for at least 10 days. The Company will have an exception period lasting through August 13 in which to meet this requirement. If it does not achieve a bid price of $1.00 by August 13, it may be eligible for a 180-day extension in which to meet the minimum bid price requirement if it meets certain criteria. Although the Company currently meets the criteria to apply for a 180-day extension, it can make no assurance it will continue to do so on August 13. Assuming the Company is required to apply for an extension on August 13, 2002, there is no guarantee an extension will be granted. If the company obtains an extension it is impossible to determine if the company will be able to comply with listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. within the 180-day extension period. This report may contain forward-looking statements as defined in 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. A variety of factors could cause actual results to differ from anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in 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 overseas, changes in the industry, the impact of competition and the actual effect of delisting. |
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