DeltaPoint notified of delisting from Nasdaq SmallCap Market.MONTEREY, Calif.--(BUSINESS WIRE)--March 17, 1997--DeltaPoint, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DTPT; DTPTC since March 12, 1997) today announced that its common stock would no longer be listed on the Nasdaq SmallCap Market effective March 17, 1997. The company's common stock continues to be listed on the Pacific Stock Exchange under the symbol DTPP and is expected to be quoted on the 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. and on the "pink sheets." "Although we are disappointed by the Nasdaq's decision to impose additional equity 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. that resulted in delisting, we are pleased with the progress in our core Internet tools business," said John Ambrose, chief executive officer of DeltaPoint. "DeltaPoint's Internet tools address significant needs for Web users and Web site creators." DeltaPoint raised $2.15 million in December 1996 through a convertible debt offering and has made continuing progress in the commercialization of its Web site management software. The company is beta-testing with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) a private-branded version of QuickSite for IBM World Distributor, IBM's electronic commerce service. DeltaPoint has also just completed a successful trade show presentation at Internet World in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , where it unveiled QuickSite 2.5, its commerce-enabled Web site management tool targeted at small office/home office See SOHO. use. Founded in 1989, DeltaPoint, Inc. is a leading provider of advanced Website creation and management tools based on a unique relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. that allows individuals and Web masters to easily set up and seamlessly manage changes to Web sites of all sizes. The company has key business relationships in the Web tools arena with many leading key vendors, including IBM, Sony, Netcom Interactive, McGraw-Hill and Borland International. DeltaPoint products are available through distribution, major retail stores and catalog merchants as well as corporate resellers, international distributors and directly from the company. Headquartered in Monterey, DeltaPoint can be reached at 800/446-6955 or through the World Wide Web at http://www.deltapoint.com . CONTACT: DeltaPoint, Inc. John Ambrose, 408/648-4000 john_ambrose@deltapoint.com or Stapleton Communications Inc. Ellen Brook, 415/988-9207 ellen@stapleton.com |
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