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Technology Stocks : VSIN, Buy Now!! -- Ignore unavailable to you. Want to Upgrade?

To: Richard Phillips who wrote (698)	1/13/1999 9:23:00 AM
From: Richard Phillips	Read Replies (1) \| Respond to of 796

FOR IMMEDIATE RELEASE Contact: Ken Keatley Director of Investor Relations 770-242-7566; ken.keatley@vsin.com VSI GRANTED EXTENSION BY NASDAQ PANEL NORCROSS, GEORGIA - January 13, 1999 -- VSI Enterprises, Inc. (NASDAQ: VSIN) announced today that its request for an extension of time in order to regain compliance with the Nasdaq SmallCap Market's minimum closing bid price requirement has been granted by a Nasdaq Qualifications Hearing panel. The panel conducted a hearing on the matter December 3, 1998 in Washington, D.C. The Company now has until January 22, 1999 for its common stock to reach a minimum closing bid price of $1.00 per share, and must maintain that minimum price for 10 consecutive trading days. If compliance is not achieved by the end of that period, the Company will be delisted from the Nasdaq SmallCap Market to the OTC Bulletin Board. Judi North, President & CEO of VSI, said, "We are pleased by the decision of the Qualifications Hearing panel, and will not hesitate to take all appropriate steps in our efforts to regain compliance." VSI Enterprises, Inc. designs, manufactures, markets and supports a full range of videoconferencing products, along with telecommunications software and services. Customers in more than 30 countries include Fortune 1000 corporations, governmental agencies, health care providers and educational institutions. VSI has sales offices in the United States and Europe. For more information, access the VSI Enterprises Inc. home page as follows: vsin.com ### ###