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METALCLAD WILL CONTINUE TO BE LISTED ON NASDAQ'S SMALL CAP MARKET

 NEWPORT BEACH, Calif., Nov. 10 /PRNewswire/ -- Metalclad Corp. announced that its common stock will continue to be listed on the NASDAQ Small Cap Market via an exception from the capital and surplus requirements.
 While Metalclad failed to meet this requirement as of Dec. 31, 1992, the company was granted a temporary exception from this standard subject to meeting certain conditions. The company believes that it can meet these conditions as a result of steps it is taking to increase its capital and surplus; however, there can be no assurance that it will do so. 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 MTLCC.
 -0- 11/10/93
 /CONTACT: Grant S. Kesler, president, or Elgin Williams, investor relations, of Metalclad, 714-476-2772; or Bruce H. Haglund, esq., 714-752-6100/
 (MTLCC)


CO: Metalclad Corp. ST: California IN: SU:

MF-EH -- LA023 -- 2780 11/10/93 12:58 EST
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Publication:PR Newswire
Date:Nov 10, 1993
Words:177
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