Business Services Industry
A.D.A.M., Inc. Receives Notification Regarding Nasdaq Listing Requirements
Business Wire, Sept 13, 2002
Business Editors
ATLANTA--(BUSINESS WIRE)--Sept. 13, 2002
A.D.A.M., Inc. (Nasdaq NM: ADAM), announced today that it received notice from the Staff at the Nasdaq Stock Market on September 12, 2002 indicating that A.D.A.M. does not comply with the minimum bid price requirement for continued listing set forth in Nasdaq Marketplace Rule 4450(a)(5), and that its common stock is, therefore, subject to delisting from the Nasdaq National Market.
Pursuant to the notice, the minimum bid price of A.D.A.M.'s common stock must close at $1.00 per share or more for a minimum of 10 consecutive trading days at anytime before December 11, 2002. If this compliance does not occur, then Nasdaq will provide written notice of delisting, which A.D.A.M. may appeal.
A.D.A.M. currently meets the listing requirements to list on the Nasdaq SmallCap Market. If A.D.A.M. applies to transfer it securities to the Nasdaq SmallCap Market and the transfer is approved by Nasdaq, A.D.A.M. is afforded until March 11, 2003 to meet the $1.00 minimum bid price, which may be extended for an additional 180 days.
About A.D.A.M., Inc.
Headquartered in Atlanta, A.D.A.M., Inc. is a leading publisher of interactive, visually engaging health and medical information for healthcare organizations, medical professionals, consumers and students. A.D.A.M. products contain physician-reviewed text, graphics produced in-house by medically trained illustrators, and multimedia interactivity to create health information solutions that offer a unique "visual learning" experience in both the healthcare and education markets. For more information, visit www.adam.com.
Forward-Looking Statements
Except for historical information, all of the statements, expectations and assumptions contained in this press release are forward-looking statements. These statements, especially revenue, net income and cash flow forecasts, involve a number of risks and uncertainties that could cause actual results, performance or developments to differ materially. Factors that could affect the company's actual results, performance or developments include general economic conditions, development of the Internet as a source of health information, pricing actions taken by competitors, demand for the company's health information, regulatory changes, and other laws and events that impact how the company conducts its business. A.D.A.M. disclaims any obligation or duty to update or correct any of its forward-looking statements.
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