24/7 Gets Relisted
Jun 18, 2003, 12:00 AM
24/7 Real announced that it received a notice from the Nasdaq Stock Market stating that the Company has "regained compliance with the continued listing requirements of the Nasdaq SmallCap Market." In other words it has been relisted on the exchange. According to the company, in the past year it has focused on its faster-growth, higher-margin businesses, while significantly cutting costs. As a consequence, the Company has shown significantly improved operating results across the board. The Company also recently completed a $7 million equity financing and eliminated all long-term debt from its balance sheet. 24/7 Real Media first received from Nasdaq in May 2003 indicating that the Company had failed to maintain compliance with the $1.00 minimum bid price requirement.