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Article: Continental Information Systems Corporation Advises of Nasdaq Delisting Notice and Requests Hearing To Appeal Nasdaq Staff Determination.
- Article from:
- Business Wire
- Article date:
- May 22, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--May 22, 2001
Continental Information Systems Corporation (NASDAQ:CISC) announced today that it received a Nasdaq Staff Determination on May 16, 2001 indicating that Continental Information Systems Corporation fails to comply with the minimum bid price requirements for continued listing set forth in Marketplace Rule 4310(c)(4), and that its securities are, therefore, subject to delisting from The Nasdaq SmallCap Market.
Continental Information Systems Corporation has requested an oral hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. The hearing request ...