onvia.com Message Board - Msg: 17245803

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Technology Stocks : onvia.com

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To: gypsees who wrote (2)	3/26/2002 9:32:01 AM
From: Barnhart	of 3

====================================================================== DJ Onvia/Distribution, Listing -2: Received Warning In Feb SEATTLE (Dow Jones)--The board of Onvia.com Inc. (ONVI) has approved a special cash distribution to return excess operating capital to Onvia's stockholders. Onvia will pay a cash distribution of 39 cents per share on May 3, to holders of record April 19. In a press release Monday, the company also said it was advised by NASDAQ that it will begin enforcing compliance with its minimum bid price requirement, effective Jan. 2, 2002. On Feb. 14, the company received an initial warning letter from NASDAQ that the price of the company's common stock had closed below the minimum $1 per share listing requirement for 30 consecutive trading days. The company continues to evaluate a variety of options to maintain its NASDAQ listing. -Thomas Gryta; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 03-26-02 02:13 AM- - 02 13 AM EST 03-26-02

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