Advertising rep firm Interep's common stock has been delisted from the NASDAQ SmallCap Market. Interep's securities will be immediately eligible for quotation on the OTC bulletin board and assigned
the symbol "IREP." In April, Interep received notice from the NASDAQ that the company did not meet NASDAQ's alternative sthcoholders' equity, market capitalization or net income requirements for
continued listing. Interep received a stay of the delisting after a June 4 hearing but NASDAQ continued with the delisting. "While we are disappointed that the panel has decided to delist us, we
believe that the move to list our shares on the OTC bulletin board will not affect the overall value of our stock holdings, or our market growth," said Ralph Guild, chairman/CEO of Interep. "We will
continue to grow our business and meet with new and existing investors to increase our shareholder value."
