Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SFTY - eSafetyworld, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Hoatzin who wrote (10)	1/2/2002 8:27:48 PM
From: Hoatzin	Read Replies (1) \| Respond to of 16

Oh, never mind.... eSAFETYWORLD Withdraws Appeal of NASDAQ Delisting and Will Apply to the OTC Bulletin Board BOHEMIA, N.Y.--(BUSINESS WIRE)--Dec. 13, 2001--eSAFETYWORLD, Inc. (SFTY), which specializes in serving the critical environment and personal care markets and provides consulting and support services to emerging companies, announced that it has canceled a hearing scheduled before a Nasdaq Listing Qualifications Panel on December 13, 2001 to appeal a Nasdaq Staff determination to de-list eSAFETYWORLD's common stock from The Nasdaq Stock Market. As a result, eSAFETYWORLD's common stock will be de-listed from The Nasdaq Stock Market effective as of December 13, 2001. eSAFETYWORLD intends to have an application for quotation of its common stock filed with the NASD's OTC Electronic Bulletin Board as soon as possible. Until such application is approved, eSAFETYWORLD's common stock may trade on the pinksheets.com. There can be no assurance that the Company's common stock will be accepted for quotation or trading on either of these quotation systems. The Company is confident that, given all the relevant facts and circumstances, it should have prevailed at the hearing based on the merits. However, the additional time that would be required for the hearing process and possible appeals, combined with its shares having not traded for over seven weeks, would likely have resulted in further illiquidity and hardship for its stockholders for an unacceptably long period. Accordingly, in order to allow its stock to start trading again as soon as possible, the Company decided to forego its Nasdaq listing. This should not be interpreted in any way as an admission that any of the Nasdaq Staff's non-technical allegations are true or accurate. About eSAFETYWORLD, Inc. eSAFETYWORLD markets and distributes industrial and workplace safety products to companies having employees working in manufacturing, construction or critical environments and those employees being exposed to environmental hazards. Its e-Commerce Web site is located at esafetyworld.com. The Company also offers its customers a 360 degree ordering solution by making toll free numbers and catalogs available for customers who prefer traditional ordering methods. The Company also operates a consulting/accelerator consulting group to serve emerging or promising businesses. Statements in this news release concerning future results, performance, expectations or intentions are forward-looking statements. Actual results, performance or developments may differ materially from forward-looking statements as a result of known or unknown risks, uncertainties and other factors. These include the Company's lack of historically profitable operations, the market success of its products, its lack of infrastructure to support popular products, dependence on key personnel, the success of the Company's consulting services business, ability to manage anticipated growth, the effect of the de-listing of the Company's common stock from The Nasdaq Stock Market and other factors identified in the Company's filings with the Securities and Exchange Commission, press releases and other public communications. In addition, nothing in the press release should be viewed as an update or comment on earlier forward-looking statements provided by eSAFETYWORLD. As noted above, because actual results, performance or developments may differ materially from forward-looking statements, eSAFETYWORLD will not update such statements over the course of future periods.