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Technology Stocks : HITS -- MUSIC MAKER -- Custom Music CDs

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To: Joe13579 who wrote (73)7/17/2001 7:23:26 PM
From: Glenn Petersen  Read Replies (1) of 76
 
Musicmaker.com, Inc. Subject to NASD De-listing Action

NEW YORK, Jul 13, 2001 /PRNewswire via COMTEX/ -- On July 9, 2001, Musicmaker.com Inc. (Nasdaq: HITS chart, msgs) received a letter from the Staff of The NASDAQ Stock Market, Inc. indicating the Staff's belief that the Company now lacks tangible business operations and informing the Company of its decision to delist the Company's common stock from The NASDAQ Stock Market at the open of business on July 17, 2001 pursuant to NASD Marketplace Rules 4300, 4300(a)(3) and 4350(e). The Company has requested a hearing before a NASDAQ Listing Qualifications Panel to review the Staff's determination, which it intends to vigorously oppose. There can be no assurance that the Panel will grant the Company's request for continued listing.
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