Multi-Link Dropped From Nasdaq

Multi-Link Telecommunications has been dropped from the Nasdaq for noncompliance with several Nasdaq marketplace requirements

March 15, 2002

1 Min Read

DENVER -- Multi-Link Telecommunications, Inc. (Nasdaq: MLNK, MLNKW), a provider of integrated voice messaging services for small businesses, today announced it had received a written Nasdaq Stock Market Staff Determination on March 7, 2002 stating that its common stock and warrants will be delisted from the Nasdaq SmallCap Market effective on the opening of business on March 15, 2002. The Nasdaq Stock Market Staff Determination advised Multi-link Telecommunications, Inc. that it was not in compliance with several Nasdaq Stock Market, Inc. marketplace requirements for continued listing on the Nasdaq SmallCap Market, including failure to comply with the audit committee requirements of Marketplace Rule 4350(d)(2), to maintain the minimum $2,000,000 net tangible asset requirement or the alternative minimum stockholders' equity requirements of $2,500,000 (Marketplace Rule 4310(c)(2)(B) and to pay annual listing fees (Marketplace Rule 4310 (c) (13)). The Company has decided that it has no realistic grounds upon which to appeal against this determination and accordingly its common stock and warrants will be delisted from the Nasdaq SmallCap Market effective on the opening of business on March 15, 2002. Effective on the opening of business on March 15, 2002, the Company's stock and warrants will trade on the over the counter bulletin board market under the symbols MLNK and MLNKW respectively. Multi-Link Telecommunications Inc.

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