MORTSEL, Belgium--Jan. 28, 2002--Xeikon received a Nasdaq Staff Determination on January 22, 2002, indicating that the company has failed to comply with the requirements for continued listing on The Nasdaq National Market.
Nasdaq has determined to delist the company's securities from The Nasdaq National Market at the opening of business on January 29, 2002. Nasdaq's determination follows Xeikon's voluntary filing for creditor protection on November 9, 2001.
Nasdaq halted trading in Xeikon on November 9, 2001, at a last trading price of $1.09.
Xeikon N.V. develops, produces and markets commercial digital color printing systems and related consumables specifically designed to meet the quality, speed, reliability, cost, variable content and on-demand requirements of the global digital color printing market.
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