BOWG fails in its bid for a Nasdaq listing:
biz.yahoo.com
Friday July 23, 4:39 pm Eastern Time
Company Press Release
SOURCE: Suite 101.com, Inc.
Suite 101.com, Inc. announces its application to list its common stock on Nasdaq Smallcap Market has been closed
VANCOUVER, July 23 /CNW-PRN/ - Suite101.com, Inc. (OTC BB: BOWG) announced today that it has been advised by Nasdaq-Amex that because of the failure of the Company's common stock to consistently trade above the Nasdaq minimum entry requirement since early June 1999, the Company's application to list its common stock on the Nasdaq Smallcap Market has been closed. Nasdaq rules require a minimum bid price of $4.00 per share. The Company intends to reapply subject to demonstrated compliance with all Nasdaq inclusion criteria.
This Press Release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of the Suite101.com, Inc. (''Company''), its directors, or its officers with respect to the future business activities and operating performance of the Company, its marketing plans and growth in Members. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, among others, unexpected delays in the implementation of its marketing plan, failure to achieve its target goal of Members, failure to implement its e-commerce revenue model, and the inability of the Company to raise such additional capital as may be necessary for the fulfillment of its business plan. Additional important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-KSB, quarterly reports on Form 10-QSB and annual report on Form 10-K. The filings may be viewed at
sec.gov.
SOURCE: Suite 101.com, Inc. |
