Daleen Technologies Requests Hearing Before Nasdaq Listing Qualifications Panel.Business Editors/Technology Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--May 22, 2002 Daleen Technologies, Inc. (Nasdaq:DALN), a global provider of high performance billing and customer care software solutions that manage the revenue chain, today announced that on May 16, 2002, it received a Nasdaq Staff Determination that the company has not met the minimum bid price requirement set forth in Marketplace Rule 4450(a)(5) for continued listing on The Nasdaq National Market, and that it anticipates receiving a similar Nasdaq Staff Determination this week that it has not met the minimum market value of publicly held shares requirement set forth in Marketplace Rule 4450(a)(2). As a result of each of these determinations, the company's common stock is 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. The company intends to request a hearing before the Nasdaq Listing Qualifications Panel to review the Nasdaq Staff's determinations. At the hearing, the company will be given the opportunity to provide the Panel with arguments in support of its continued listing. However, there can be no assurance that the Panel will grant the company's request for continued listing. If the appeal is not granted, or if the company decides for business reasons not to seek the appeal, the company's common stock will be delisted from The Nasdaq National Market. In that event, the company plans to apply to list its common stock on The Nasdaq SmallCap Market. The date for the hearing has not yet been established. The company has been advised by Nasdaq that its common stock will continue to be listed on The Nasdaq National Market pending the outcome of the hearing. About Daleen Daleen Technologies, Inc. is a global provider of high performance billing and customer care software solutions that manage the revenue chain for traditional and next-generation communication service providers, retailers and distributors of digital media, and technology solutions providers. Offering proven integration with leading CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. and other legacy enterprise systems, Daleen's RevChain(TM) software and pure Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Integration Architecture (IIA (1) (Information Industry Association, Washington, DC) In 1999, IIA merged with SPA (Software Publishers Association) to become the Software & Information Industry Association. See SIIA. (TM)) leverage open Internet technologies to enable providers to achieve peak operational efficiency while driving maximum revenue from their product and service offerings. The company is currently ranked No. 1 worldwide in overall customer satisfaction based on timeliness of delivery, functionality, delivery within budget, vendor support and maintenance, system flexibility and interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. .(a) Additional information is available at http://www.daleen.com. Daleen, IIA and RevChain are registered trademarks or trademarks of Daleen Technologies Inc. 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 other countries. All other trademarks and registered trademarks are property of their respective owners. (a) See the independent report issued by Chorleywood Coordinates: Chorleywood is a town in the Three Rivers district of Hertfordshire in the United Kingdom. It has a population of around 9,200 people. The town lies in the far south west of Hertfordshire, on the historic border with Buckinghamshire. Consulting titled "Global Trends and Market Forecasts in Telecoms BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. 2001." |
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