Critical Path Booted Off Nasdaq

Will appeal Nasdaq's delisting decision

December 30, 2002

1 Min Read

SAN FRANCISCO -- Critical Path, Inc. (Nasdaq:CPTH), a global leader in digital communications software and services, today announced that it has received notification from The Nasdaq Stock Market that it is out of compliance with the minimum bid price requirement of $1.00 a share set forth in Marketplace Rule 4450(a)(5) for continued listing on the Nasdaq National Market. Critical Path's securities will, therefore, be subject to de-listing action from The Nasdaq National Market. However, the Company has requested a hearing with the Nasdaq Listing Qualifications Panel, which is set for Jan. 30, and it intends to present a plan through which it expects to regain full compliance with the Nasdaq continued listing standards. The common stock will remain listed on The Nasdaq National Market at least until the hearing date. Critical Path Inc.

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