REPEAT/NetCurrents Announces Delisting From Nasdaq Small Cap Exchange; Company Expects To Trade On The Over-The-Counter Bulletin Board.Business Editors/High Tech Writers REPEATING... BEVERLY HILLS, Calif.--(BUSINESS WIRE)--July 17, 2001 NetCurrents, Inc, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NTCS) The Premier Internet Intelligence Agency, was notified yesterday that effective with the open of business on July 17, 2001, the Company's Common Stock and Series A Preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. will be delisted from the Nasdaq SmallCap Stock Market. The reason for the delisting was the Company's failure to meet the minimum bid price and net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". requirements of the Nasdaq Marketplace Rules. The Company is eligible for quotation 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 expects that its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors will continue to be NTCS. About NetCurrents, Inc. NetCurrents analyzes communications from a universe of targeted Internet locations in real-time. The Company provides clients with critical information and counsel to protect their corporate images, measure consumers' perceptions and counter misinformation mis·in·form tr.v. mis·in·formed, mis·in·form·ing, mis·in·forms To provide with incorrect information. mis on the Internet. For more information on NetCurrents services, visit http://www.netcurrents.com. This news release contains forward-looking statements within the meaning of Section 37A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the Company's ability to secure additional patents, continue to successfully market and provide their products and services and maintain their effectiveness, the ability of the Company to successfully market PR Manager, the continuation of the arrangements with its channel partners, the ability of the Company to meet its financial projections, and general economic conditions. The Company undertakes no obligation to publicly update or revise forward-looking statements whether as a result of new information or otherwise. |
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