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PACESETTER BUSINESS PROPERTIES ANNOUNCES PACIFIC STOCK EXCHANGE TO CONSIDER DELISTING STOCK

 PACESETTER BUSINESS PROPERTIES ANNOUNCES
 PACIFIC STOCK EXCHANGE TO CONSIDER DELISTING STOCK
 NEWPORT BEACH, Calif., June 30 /PRNewswire/ -- Pacesetter Business Properties (PSE) has been advised by the Pacific Stock Exchange that the Exchange will consider delisting the company's stock at the July 7, 1992, meeting of the Exchange's Equity Listing Committee. The company does not appear to comply with certain quantitative standards required for continued listing on the Exchange. The company has been informed by the Exchange that if a decision is reached at the July 7, 1992, meeting to delist the company's stock, trading of the company's stock on the Exchange would cease as of July 14, 1992, and delisting of the stock would be completed by mid-August of 1992.
 The company is currently seeking an extension of such period with the Exchange so as to permit trading for a limited period of months beyond the July deadline, but the company cannot predict the success of this request. In the event that its stock is delisted from the Pacific Stock Exchange, the company is currently investigating the trading of its stock through the NASD Bulletin Board or the National Quotation Bureau Pink Sheets.
 -0- 6/30/92
 /CONTACT: Steven Strauss or Diana Waller of Pacesetter Business Properties, 714-852-1184/ CO: Pacesetter Business Properties ST: California IN: SU:


CH -- LA009 -- 5203 06/30/92 13:14 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
Words:225
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