LYNTON GROUP GRANTED EXCEPTION FROM NASDAQ STANDARD
LYNTON GROUP GRANTED EXCEPTION FROM NASDAQ STANDARD MORRISTOWN, N.J., Oct. 19 /PRNewswire/ -- Lynton Group, Inc.
(NASDAQ: LYNGC) announced today that its common stock will continue to be listed on the NASDAQ Small-Cap Market via an exception from the bid price requirement.
Although the company has failed to meet this requirement, the company has been granted a temporary exception from this standard until Dec. 14, 1992 subject to the company meeting certain conditions. While the company believes that it will be able to meet these conditions by demonstrating compliance with the alternative criteria (to the bid price requirement) of $2 million in stockholders equity and $1 million market value of public float, there can be no assurance that the company will be able to do so by Dec. 14, 1992. If at some future date the company's securities should cease to be listed on the NASDAQ Small-Cap Market, they may continue to be listed in the OTC Bulletin Board. For the duration of the exception, the company's NASDAQ symbol will be LYNGC. -0- 10/19/92 /CONTACT: Robert F. Hagan of the Lynton Group, Inc., 201-292-1300, or fax: 201-292-1529; or Christopher Tennant of the Lynton Group Limited in England, 01-583-5000, or fax: 01-583-2564/ (LYNGC) CO: Lynton Group, Inc. ST: New Jersey IN: SU:
LR-EE -- NY084 -- 1752 10/19/92 15:24 EDT
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|Date:||Oct 19, 1992|
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