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Technology Stocks : TTRE: TTR Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (68)	12/23/2002 7:05:00 PM
From: afrayem onigwecher	Respond to of 120

DELISTING ACTION STAYED PENDING HEARING DETERMINATION NEW YORK, October 17, 2002 — TTR TECHNOLOGIES, INC., (Nasdaq NM: TTRE) previously announced that it intended to request a hearing regarding Nasdaq'a intent to delist the Company's Common Stock from the Nasdaq National Market System as of the opening of trading on October 17, 2002, on the basis of a NASDAQ Staff determination that the Company fails to comply with either the minimum $10 million stockholders' equity requirement or, until November 1, 2002, the minimum $4 million net tangible assets for continued listing on the National Market as set forth in Marketplace Rules 4450(a)(3). A hearing before the Nasdaq Qualifications Listing Panel has been scheduled for November 21, 2002. The delisting action has been stayed pending the Panel's determination following the hearing. About TTR Technologies, Inc. TTR (http://www.ttrtech.com) designs, markets and sells proprietary anti-piracy products. The company has developed and commercialized products for the software and entertainment industries and is expanding its product range and reach through in-house development and joint ventures. In addition to developing SAFEAUDIO(TM), TTR has invested in Digital Rights Management Protection technologies as well as security solutions for the DVD-ROM market. TTR has a joint development and marketing agreement for music CD copy protection with Macrovision Corporation (Nasdaq: MVSN - News). TTR's shares are listed on the Nasdaq National Market (TTRE). Forward-Looking Statements All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other 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. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-K for 2001, its Quarterly Reports on Form-10Q, and such other documents as are filed with the Securities and Exchange Commission from time to time. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. The Company Investor Relations Media Samuel Brill Truc Nguyen Stan Froelich Chief Operating Officer S Stern & Co. S Stern & Co. (212) 527-7599 (212) 888-0044 (212) 888-0044 samb@ttrtech.com tnguyen@sternco.com sfroelich@sternco.com