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Non-Tech : freerealtime.com site -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (478)	5/1/2000 5:31:00 PM
From: StockDung	Read Replies (1) \| Respond to of 565

"the company that brought free real-time quotes and market information to the serious online investor and financial community, today announced that the company has not achieved listing of its common stock on the Nasdaq stock market at this time. The company plans to re-submit its listing application as soon as it re-establishes a market capitalization that meets the minimum required by Nasdaq. Freerealtime.com's Nasdaq Listing Update" IRVINE, Calif., April 28 /PRNewswire/ -- FreeRealTime.com, Inc., (OTC Bulletin Board: FRTI), the company that brought free real-time quotes and market information to the serious online investor and financial community, today announced that the company has not achieved listing of its common stock on the Nasdaq stock market at this time. The company plans to re-submit its listing application as soon as it re-establishes a market capitalization that meets the minimum required by Nasdaq. While the company had maintained a market capitalization that met the minimum quantitative Nasdaq standard for the required period of time leading up to the filing of its application, the company believes that the overall conditions in the public equity markets over the past several weeks adversely affected the company's stock price and its resulting market capitalization. The company plans to re-submit its listing application soon after it re-establishes a market capitalization that meets the minimum required by Nasdaq. "While we are disappointed with the broad downward movements in Nasdaq stocks, we are pleased to know that the company satisfies the qualitative standards as a suitable company for listing on the Nasdaq stock market. Unfortunately, the market pull-back over the past couple of weeks has affected our company as well," said Michael Neufeld, EVP and CFO of FreeRealTime.com, Inc. "FreeRealTime.com has continued to achieve tremendous growth in both monthly revenues and traffic, and is clearly a widely recognized brand name in the on-line financial services sector. We achieved approximately 300 million monthly page views in March 2000, up from 182 million in December 1999. We now have over 1.1 million members and continue to grow substantially, and we have the #1 Stickiest Financial Website ranking, according to Nielsen//Netratings in their March 2000 Home Panel -- ahead of Yahoo! Finance, CBS Marketwatch, RagingBull, E*Trade, and others. These figures are an indication of the strength and sustainability of our business model and emphasize the popularity of FreeRealTime.com within the online financial community. We expect to be ready to re-submit our Nasdaq listing application as soon as stock market conditions permit." About FreeRealTime.com FreeRealTime.com, Inc. is a leading digital financial media company providing an array of stock market data, business information and sophisticated research and management tools for institutional investors, brokers, and independent investors. FreeRealTime.com has been recognized as a leader by such notable sources as CNBC, Online Investor, Forbes, The Wall Street Journal, Nielsen//NetRatings, and The Los Angeles Times. Visit FreeRealTime.com's Web site at freerealtime.com. Safe Harbor. Except for any historical information contained herein, the matters discussed in this news release contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. Matters relating to the Company's traffic, business expansion and initiatives, subscriber growth, and site usage reflect current information and involve certain risks and uncertainties, including, without limitation, changes in product demand, changes in competition and other economic conditions. These statements may or may not be indicative of future demand and developments. Risks and uncertainties are described in the company's filings with the SEC. Prospective investors are cautioned not to place undue reliance on forward-looking statements. FreeRealTime.com undertakes no obligation to update or release publicly the result of any revisions to these statements that may be made to reflect future events, developments or circumstances. SOURCE FreeRealTime.com, Inc. CO: FreeRealTime.com, Inc. ST: California IN: CPR MLM SU: 04/28/2000 20:44 EDT prnewswire.com