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To: FatMatty who wrote (57146)	2/19/1999 6:32:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 119973

KNIC (NEWS)-Now where did i ever hear about this one,i know...Mama Sung Knickerbocker Receives Notice From Nasdaq Regarding Listing Requirements; Company Remains Firm in Its Belief Its Stock is Undervalued LAKE FOREST, Calif., Feb. 19 /PRNewswire/ -- The L. L. Knickerbocker Co., Inc.(Nasdaq: KNIC - news) announced it has been notified by The Nasdaq Stock Market that the Company is not in compliance with the $1.00 minimum closing bid price requirement for the continued listing of the Company's common stock on the Nasdaq National Market. The Company has until March 30, 1999 to correct the non-compliance. Nasdaq has informed the Company that, in order to satisfy the closing bid price requirement, the closing bid price must be at least $1.00 per share for a minimum of ten consecutive trading days by March 30, 1999. The Company believes it is in compliance with all other requirements necessary to maintain listing of its stock on the Nasdaq National Market and intends to seek further procedural remedies by requesting a hearing with Nasdaq in the event it is unable to achieve compliance by the specified date. The Company is evaluating several alternatives dealing with the compliance issues and the market conditions that they believe are causing the stock to trade at the current level, including but not limited to negotiations with current debt/equity holders and seeking the sale of certain of its assets. ''We believe there is undue pressure on our stock,'' said Louis L. Knickerbocker, Chairman and CEO. ''We remain firm in our belief that our stock is currently undervalued in relation to our balance sheet and our basic business and we intend to rigorously work to regain compliance.'' The L. L. Knickerbocker Co., Inc. sells collectible gifts and toy-related merchandise, primarily porcelain and vinyl dolls and teddy bears. The Company also designs, manufactures and markets fashion jewelry and accessories, in addition to offering an extensive line of fine jewelry products and supplying other jewelry manufacturers with loose cut stones. The Company's products are sold through diverse international distribution channels, including its own web sites, television shopping outlets, direct response sales and wholesale sales to retailers. For more information visit www.knickerbocker.com. This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices, and other factors. The Company's actual results could differ materially from those projected in the forward-looking statements as a result of the factors described herein. SOURCE: L. L. Knickerbocker Co. More Quotes and News: The LL Knickerbocker Company Inc (Nasdaq:KNIC - news) Related News Categories: household/consumer, leisure/travel