Business Services Industry
Clariti to Appeal Delisting from The Nasdaq SmallCap Market
Business Wire, July 10, 2001
Business Editors
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--July 10, 2001
Clariti Telecommunications International, Ltd. (Nasdaq:CLRI) announced today that it received a Nasdaq Staff Determination on July 5, 2001 indicating that the Company fails to comply with the common stock market capitalization requirement for continued listing set forth in Marketplace Rule 4310(c)(2)(B)(ii), and that its securities are, therefore, subject to delisting from The Nasdaq SmallCap Market.
The Company has requested a hearing before the Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurance the Panel will grant the Company's request for continued listing.
Web: www.clariti.com
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