Datatec Systems, Inc. Announces Delisting of Its Common Stock.Business Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--March 23, 2004 Datatec Systems, Inc. (Nasdaq:DATCE) announced today that it has been notified by the Nasdaq Listing Qualifications Panel of its decision to delist delist To drop a security from trading on an organized exchange. Delisting may occur for a number of reasons including failure to meet an exchange's standards or placement of a new listing on another exchange. Compare list. the Company's common stock from the Nasdaq SmallCap Market effective with the open of business on March 25, 2003. Based on current market maker activity and other current information, the Company believes it will continue to have a market for its stock, which would trade on the National Quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. Bureau's Pink Sheets, and will seek to arrange for one or more market makers to quote its common stock on the Pink Sheets quotation service. In its letter the Nasdaq Listings Qualifications Panel's indicated that the basis for its decision to delist the Company's common stock from the Nasdaq SmallCap Market was the Company's failure to file its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for each of the quarters ended October 31, 2003 and January 31, 2004. The Company and its auditor, Eisner LLP LLP - Lower Layer Protocol , currently expect to bring the Company's Securities and Exchange Commission filings current as soon as possible. After bringing its filings current, the Company intends to seek to have its common stock quoted on the Nasdaq's OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. until such time that it again qualifies for listing on the Nasdaq SmallCap Market. The Pink Sheets Quotation Service does not require that issuers of quoted securities be current in their periodic filings. Despite these intentions, the Company is not able to provide assurance with respect to when its Securities and Exchange Commission filings will be brought current or quotations will be available for its common stock. About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems, Inc. specializes in the rapid, large-scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. , integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec's stock is listed on 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. (DATCE). For more information, visit Datatec at http://www.datatec.com/ This press release contains 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties that may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements as more fully discussed in Datatec's filings with the Securities and Exchange Commission. |
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