L90 to Challenge Nasdaq Notice

  • April 22, 2002
Beleaguered online ad firm L90, Inc. on Friday received notice from Nasdaq that its common stock would be subject to potential delisting as a result of the company's delay in filing its annual report for 2001 on Form 10-K. According to a press release, L90 intends to request a hearing before a Nasdaq Listing Qualifications Panel to contest the decision. In accordance with Nasdaq rules, once L90 requests a hearing, no delisting would occur until the hearing is held and the Panel makes its determination. There is no assurance the Panel will grant the L90's request for continued listing.

Nasdaq also notified the Company that the trading symbol for the Company's common stock has been changed from “LNTY” to “LNTYE,” effective April 18, 2002.

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