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Microcap & Penny Stocks : Amplidyne, AMPD -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (536)	11/7/2002 12:48:50 PM
From: StockDung	Read Replies (1) \| Respond to of 538

Amplidyne Announces Appeal of Nasdaq Staff Determination To Delist Its Securities From The Nasdaq SmallCap Market RARITAN, N.J.--(BUSINESS WIRE)--Nov. 4, 2002--Amplidyne, Inc. (NASDAQ:AMPD) announced today that it received a Nasdaq Staff determination on October 28, 2002, indicating that the Company fails to comply with the stockholders' equity requirement for continued listing set forth in MarketPlace Rule 4310(c)(2)(B) and that its securities are, therefore, subject to delisting from the Nasdaq SmallCap Market. In addition, the Staff has advised the Company that its common stock failed to maintain a closing bid price of $1.00 as required by MarketPlace Rule 4310(c)(4). The Company has requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff's determination. There can be no assurance that the Panel will grant the Company's request for continued listing. Failure to maintain listing on the Nasdaq SmallCap Market will result in the Company's shares being quoted on the NASD's OTC Bulletin Board. Statements in this release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties including the failure by the Company to comply with the Nasdaq continued listing requirements and the success of the Company's appeal to the Panel and those risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. CONTACT: Amplidyne, Inc., Raritan 908/253-6870 www.amplidyneinc.com SOURCE: Amplidyne, Inc. Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 11/04/2002 16:31 EASTERN