Interep, the largest independent sales and marketing company specializing in radio, the Internet and new media, on Friday announced that its Class A common stock will now be listed on the NASDAQ
SmallCap Market effective February 10, 2003. The common stock will continue to trade under the symbol "IREP." The NASDAQ SmallCap Market is comprised of securities of smaller companies with lower
capitalization than those listed on the NASDAQ National Market and the New York Stock Exchange. There are more than 800 companies listed on the NASDAQ SmallCap Market. The Company believes that there
will be no effect on the number of market makers, trading volume, or institutional interest in its Class A common stock, or its ability to raise capital.