iPrint Announces Nasdaq Determination to Delist Securities
Press release from the issuing company
SANTA CLARA, Calif., Sept. 26, 2002 -- iPrint Technologies, inc. today reported that it has received notice from Nasdaq of Nasdaq's determination to delist iPrint's securities from the Nasdaq SmallCap Market, because the Company does not comply with Nasdaq Marketplace Rules. Accordingly, the Company's securities will be delisted from the Nasdaq SmallCap Market at the opening of business on October 2, 2002. In light of iPrint's recent proposal to transfer all or substantially all of the Company's assets through an assignment for the benefit of creditors, it is expected that iPrint will not appeal Nasdaq's decision or seek continued listing on the Nasdaq stock market. The Company also intends to terminate its status as a reporting company with the SEC as soon as legally permitted.
Although there can be no assurance, following the delisting, the Company's Common Stock may be traded on the OTC Bulletin Board. Even if prices are reported on the OTC Bulletin Board, there can be no assurance that there will be a market maker for the Company's securities or that an active market will develop.
For information about iPrint, please visit http://www.iPrintTech.com.
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