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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: blebovits who wrote (2992)	1/12/2001 5:56:34 PM
From: StockDung	Read Replies (2) \| Respond to of 3015

WATCH OUT INCOMING "Source Media was not in compliance with the market capitalization requirement for continued listing as set forth in Marketplace Rule 4450(b)(1)(A), and that its securities are, therefore, subject to delisting from The Nasdaq National Market." Source Media Receives Nasdaq Staff Determination Letter DALLAS, Jan. 12 /PRNewswire/ -- Source Media, Inc. (Nasdaq: SRCM - news) a leading provider of interactive digital cable TV applications, localized new media advertising and vertical content, today announced that it received a Nasdaq Staff Determination on January 9, 2001 indicating that Source Media was not in compliance with the market capitalization requirement for continued listing as set forth in Marketplace Rule 4450(b)(1)(A), and that its securities are, therefore, subject to delisting from The Nasdaq National Market. Source Media has requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurance the Panel will grant Source Media's request for continued listing. Source Media is a leader in the development and introduction of localized new media content, advertising and technology. Source Media's interactive TV business is conducted through SourceSuite LLC, a 50/50 joint venture with Insight Communications, which is managed by Source Media. SourceSuite's products are SourceGuide, an interactive program guide and LocalSource, a local interactive programming service. Source Media's IT Network is the leading creator of private label audio and text content. This content is designed for universal distribution and access across all platforms, including voice portals, wireless and wireline telephone, Internet and digital cable television. For further information, please visit our website at www.sourcemedia.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements that are not historical facts, including statements about confidence and strategies and plans and expectations about new and existing products, services, technologies and opportunities, industry growth, demand, and acceptance of new and existing products, and returns on investments in products and markets are forward-looking statements that involve risks and uncertainties that could significantly and adversely impact anticipated results in the future. These statements are not guarantees of future performance, and actual results could differ materially from those expressed in any forward-looking statements made by or on behalf of Source Media. For a description of additional risks and uncertainties, please refer to Source Media's filings with the Securities and Exchange Commission. CONTACT: Paul Tigh, Chief Financial Officer 972-701-5400 972-701-5566 - Fax paul.tigh@srcm.com