Quintus Corporation Announces Notification of Potential De-Listing by Nasdaq
FREMONT, Calif.--(BUSINESS WIRE)--Nov. 27, 2000--Quintus Corporation (Nasdaq:QNTS) announced that it has received a Nasdaq Stock Market Staff Determination indicating that Quintus does not currently comply with the filing requirements set forth in Nasdaq Marketplace Rule 4310(c)(14). This rule requires companies to file with Nasdaq three copies of all reports and other documents filed or required to be filed with the Securities and Exchange Commission
("SEC").
As announced on November 15, Quintus has delayed filing with the SEC its Form 10-Q for the quarter ended September 30, 2000. As a result of Quintus not filing its 10-Q within 45 days of the close of the quarter, its securities are potentially subject to de-listing from the Nasdaq National Market.
The Company has requested a hearing before the Nasdaq Listing Qualifications Panel (the "Panel") to review the Staff Determination. However, there are no assurances the Panel will grant the Company's request for continued listing. Quintus is working with its professional advisors to complete its 10-Q for the period ended September 30, 2000.
Quintus' ticker symbol has now been temporarily altered to Nasdaq: QNTSE, denoting that the company has yet to file its 10-Q. It will revert to its normal ticker of Nasdaq: QNTS after the company has fulfilled Nasdaq's filing requirements.
About Quintus
Quintus Corporation (Nasdaq:QNTS) provides a comprehensive electronic customer relationship management (eCRM) solution that enables companies to increase revenue potential by improving customer satisfaction and loyalty. A technology innovator, Quintus offers products that manage all customer interactions, such as customer orders, inquiries and service requests, and allow delivery of consistent customer service across multiple communications channels, including the Internet, e-mail and telephone. Quintus is based in Fremont, California with additional offices throughout North America, Europe and Asia. For more information, call 800/337-8941, email sales@quintus.com or access the World Wide Web at www.quintus.com.
Note to Editors: Quintus is a registered trademark of Quintus Corporation. All other trademarks and registered trademarks are the property of their respective owners.
CONTACT:
Quintus Corporation
Dana Dye, 510/624-8750 (Press)
dana.dye@quintus.com
510/624-2980 (Investors)
investor.relations@quintus.com
KEYWORD: CALIFORNIA
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