Net Perceptions Receives Nasdaq National Market Delisting Warning.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Oct. 16, 2003 Net Perceptions, Inc. (Nasdaq:NETP NETP National Employer Training Programme (UK) NETP New Equipment Training Plan NETP National Employer Training Pilot (UK) NETP New Equipment Training Program NETP Naval Environmental Training Program ) today announced that it has received notification from 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. that the Company has failed to comply with the minimum bid price requirements for continued listing set forth in Marketplace Rule 4450(a)(5), and that its securities are, therefore, 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 letter states that the Company will have until April 12, 2004 to regain compliance, and that if the Company is unable to regain compliance by April 12, 2004, it may appeal the delisting determination to a Listing Qualifications Panel, or apply to transfer its securities to The Nasdaq SmallCap Market and avail itself of any additional compliance grace period of The Nasdaq SmallCap Market for which it is eligible. About Net Perceptions Net Perceptions (Nasdaq:NETP) is a software and services company that provides solutions for intelligent customer interaction that drive demand, grow revenue and increase profitability. Founded in 1996, Net Perceptions is headquartered in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. . Customers include market leaders such as 3M, Brylane, Great Universal Stores, J.C. Penney Pen·ney , James Cash 1875-1971. American business executive who built the J.C. Penney chain and pioneered the practice of employee profit-sharing. , J&L Industrial Supply and Half.com Half.com is a subsidiary of eBay, in which sellers offer items at fixed prices, usually items that have a UPC, ISBN or other kind of SKU, rather than rare, old or collectible items. The items available on half. . For more information visit http://www.netperceptions.com or call 800-466-0711. Net Perceptions and the Net Perceptions logo are registered trademarks of Net Perceptions, Inc. All other trademarks are the property of their respective owners. Any statements in this press release regarding expectations of future events are "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 the federal securities laws. The forward-looking statements in this press release reflect management's best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results or events to differ materially from those expressed in or implied by the statements herein. Additional information concerning potential factors that could effect future results or events are detailed from time to time in the company's filings with the U.S. Securities and Exchange Commission |
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