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HARRIER, INC. STOCK TO RECEIVE CONDITIONAL NASDAQ LISTING

 LOS ANGELES, April 23 /PRNewswire/ -- Harrier, Inc. (NASDAQ: HARE; BSE: HRR.B), today said it received notification from NASDAQ that its stock has received a conditional listing (designed by "C" after its "HARE" ticker symbol) extending through Monday, May 31, because its reported assets and shareholders' equity were below the minimum $2 million and $1 million, respectively, required for continued trading on the NASDAQ system.
 At Dec. 31, 1992, its last reported fiscal quarter, the company had total assets of $1,618,823 and shareholders' equity of $921,759.
 Kevin DeVito, Harrier's president, said that the company was engaged in a number of pending negotiations which, if completed in a timely manner as expected, should raise assets and net worth above NASDAQ's required levels.
 Pursuant to the by-laws of the NASD, the company expects to file a pro forma balance sheet by May 31, 1993, with the Securities and Exchange Commission and the NASDAQ Hearings Department, showing the effect of the above-mentioned completed transactions and demonstrating compliance with the applicable requirements for continued listing on the NASDAQ SmallCap market.
 -0- 4/23/93
 /CONTACT: Candace Beaver, chief financial officer of Harrier, 310-376-7721/
 (HARE)


CO: Harrier, Inc. ST: California IN: SU:

GK-WB -- NY089 -- 0222 04/23/93 16:05 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
Words:209
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