Audible, Inc. Notified of Continued Nasdaq Listing
Delisting Process Halted
WAYNE, N.J., Nov 26, 2001 (BUSINESS WIRE) -- Audible, Inc. (NasdaqNM: ADBL chart, msgs), announced today that it has been advised in writing by The Nasdaq Stock Market, Inc. that it is in compliance with all applicable requirements for continued listing.
As a result, Audible's class of common stock will continue to be quoted on the Nasdaq National Market, and the previously announced Nasdaq delisting proceeding has been terminated. Audible is the leading provider of downloadable spoken audio that informs and entertains anywhere and at anytime with audio editions of books, newspapers, magazines, radio programs and original shows.
Donald Katz, Audible's Chairman and Chief Executive Officer, noted, "We are pleased by Nasdaq's action. Audible will continue our drive to achieve cash-flow positive operations, and we are happy to do so without the distraction of Nasdaq delisting appeals proceedings."
About Audible, Inc.:
Audible(R) (www.audible.com(R)) is the Internet's largest, most diverse provider of premium spoken audio services for content download or playback on personal computers or AudibleReady(TM) PC-based mobile devices. Audible has more than 32,000 hours of audio programs and 165 content partners that include leading audiobook publishers, broadcasters, magazine and newspaper publishers and business information providers. Audible.com is Amazon.com's (www.amazon.com) exclusive provider of spoken word products for downloading or streaming via the Web. Additionally, the Company is strategically aligned with Random House, Inc., to pioneer the first-ever imprint to produce spoken word content specifically suited for digital distribution, Random House Audible. Among the Company's key business partners are Card Access Inc., Casio Inc., Compaq Computer Corporation, Handspring, Hewlett-Packard Company, Microsoft Corporation, Royal Philips Electronics, RealNetworks, Inc., SONICblue Incorporated's Rio Audio Group, Sony Electronics, Texas Instruments and VoiceAge Corp.
Audible and www.audible.com are registered trademarks of Audible, Inc.; AudibleReady is a trademark of Audible, Inc. and all are part of the family of Audible, Inc. trademarks. All other marks are property of their respective companies.
This press release contains information that is not historical fact and may be deemed to contain forward-looking statements. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, Audible's limited operating history, history of losses, uncertain market for its services, and its inability to license or produce compelling audio content and other risks and uncertainties detailed in the company's Securities and Exchange Commission filings.
Contact:
Audible, Inc.
Andrew Kaplan, 973/837-2734
akaplan@audible.com
Jonathan Korzen, 973/837-2718
jkorzen@audible.com |
