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To: Findit who wrote (101103)12/15/2003 12:30:47 PM
From: manny t  Respond to of 208838
 
DSLN news,

DSL.net Granted Additional Time to Comply with Nasdaq SmallCap Market's Minimum Bid Price Rule
Monday December 15, 12:27 pm ET
Nasdaq extension now runs through January 30, 2004

NEW HAVEN, Conn.--(BUSINESS WIRE)--Dec. 15, 2003--DSL.net, Inc. (NASDAQ: DSLN - News), a leading nationwide provider of broadband communications services to businesses, today announced that it has been advised by the Nasdaq that the Company has received an additional extension of the grace period for regaining compliance with the Nasdaq SmallCap Market's minimum bid price rule, which is required for continued listing.
The extension now runs through Jan. 30, 2004, and supercedes a Nasdaq extension that gave DSL.net until Dec. 8, 2003, to comply with the $1.00 closing bid price per-share requirement as set forth in the Nasdaq's Marketplace Rule 4310(c)(4).

According to the Nasdaq, the addition to the original extension was granted to "allow for further developments in the SEC (Securities and Exchange Commission) rule-making process." On Sept. 25, 2003, the Nasdaq amended its proposal, for which it is seeking SEC approval, to modify the grace periods for Nasdaq SmallCap Market companies seeking to regain compliance with the minimum bid price requirement. The extension