24/7 Real Media to Appeal
May 18, 2003, 12:00 AM
24/7 Real Media Inc. has announced that it intends to request a hearing to appeal a Nasdaq Staff Determination that the Company no longer complies with the $1.00 minimum bid price requirement for continued listing and that the Company's common stock is, therefore, subject to delisting from the Nasdaq SmallCap Market, pursuant to Nasdaq Marketplace Rule 4310(c)(4). The Company received a letter from Nasdaq dated May 13, 2003 stating that the Company's common stock will be delisted as of the opening of trading on May 22, 2003, unless the Company requests a hearing by May 20, 2003. Under Nasdaq rules, the scheduled delisting will be stayed pending the outcome of the hearing. Until then, the Company's common stock will remain listed and will continue to trade on the Nasdaq SmallCap Market.