FORT LAUDERDALE, Fla.-- Sept. 5, 2001--BCT International, Inc., which through its Franchises operates the world's largest wholesale printing chain, today announced that on August 31, 2001, it was informed by The Nasdaq National Stock Market that since the Company's Common Stock failed to maintain aminimum market value of public float of $5,000,000 for a minimum of 10 consecutive trading days during the period June 1, 2001 through August 30, 2001, the Company is not in compliance with Marketplace Rule 4450(a)(2) of the Nasdaq National Market. As such, the Company was notified that its shares will be delisted from the Nasdaq National Market at the opening of business on September 10, 2001.
In addition, on August 31, 2001, the Company was informed by The Nasdaq National Market that the Company's Common Stock has failed to meet a minimum bid price of $1.00 over the last 30 consecutive trading days as required by the Nasdaq Market rules. The $1.00 minimum bid price is also a requirement for listing on the Nasdaq SmallCap Market.
Based upon the notification from The Nasdaq National Market relating to the Company's failure to meet the minimum requirements for market value of its public float and the Company's failure to meet the minimum bid price requirements of the Nasdaq SmallCap Market, the Company anticipates its Common Stock will be delisted from the Nasdaq National Market at the opening of business on September 10, 2001 and that the Common Stock will thereafter trade on the OTC Bulletin Board.
BCT International, Inc. is a holding company which operates Business Cards Tomorrow, the world's largest wholesale printing chain, with 84 Franchises in the United States and Canada. The Company is headquartered in Ft. Lauderdale, Florida and its Common Stock trades under the symbol "BCTI''.
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