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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (24310)3/20/2002 4:17:46 PM
From: Joe Copia  Read Replies (1) of 25711
 
- Anticipates trading on the OTC Bulletin Board --

LISLE, Ill., March 20 /PRNewswire/ -- Budget Group, Inc., (NYSE: BD) has
been informed by the New York Stock Exchange that the exchange will suspend
trading in Budget Group's common stock before the market opens on Thursday,
March 28, 2002. As previously announced, the Company does not currently meet
the continued listing criteria of the exchange requiring a minimum closing
share price of at least $1 per share over a 30-day period in addition to a
total market capitalization of not less than $50 million and stockholders'
equity of not less than $50 million.
The weak economy and the events of September 11 have adversely affected
the Company's ability to meet the share price and market capitalization
criteria. Budget Group anticipates that its stock will continue to trade on
the over-the-counter bulletin board (OTC BB) on or before March 28. The
Company expects to receive a new stock "ticker symbol" before trading on the
bulletin board.
The Company said the move to the OTC BB will not affect its normal
business operations.
Budget Group, Inc. owns Budget Rent a Car Corporation and Ryder TRS, Inc.
Budget is the world's third largest car and truck rental system and Ryder TRS
is the nation's second largest consumer truck rental company. Budget Group
continues to remain a public company and files reports with the Securities and
Exchange Commission. Those reports are available on the SEC's website at
www.sec.gov and the Company's website, at www.budget.com .
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