Return Assured Incorporated Receives Notification of De-Listing; Company to Appeal
LOS ANGELES, June 8 --
Return Assured Incorporated (Nasdaq: RTRN), Developers of the "Return Seal of
Approval", today announced the Company received a Nasdaq Staff Determination
on June 5th, 2001, indicating that the Company fails to comply with the
minimum bid price requirement for continued listing set forth in Marketplace
Rule 4310(c)(4), and that its securities are, therefore, subject to de-listing
from The Nasdaq SmallCap Market.
In accordance with Marketplace Rule 4820(a), the Company has requested a
hearing before the Nasdaq Listing Qualifications Panel to review the Staff
Determination. The request will stay the scheduled de-listing of the
Company`s securities pending the Panel`s decision. There can be no assurance
the Panel will grant the Company`s request for continued listing. Should the
Company`s securities cease to be listed on The Nasdaq SmallCap Market, the
Company`s securities may continue to be listed on the Over-the-Counter
Bulletin Board market.
About Return Assured Incorporated:
Strategically partnering with Lloyd`s of London (http://www.lloyds.com)
and IBM (http://www.ibm.com), Return Assured has developed a proprietary B2C
and B2B value-added "Return Seal of Approval" for the electronic retail
community that vets retailers with high standards and then indemnifies the
consumer with a "no-hassle" guarantee in support of that particular retailer`s
return and customer service policy. For more information on Return Assured
and its exclusive "Return Seal of Approval," please visit the company`s web
site at http://www.returnassured.com or call Matt Sebal at (877) 807-4664
This news release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals, strategies,
future events or performance and underlying assumptions and other statements,
which are other than statements of historical facts. These statements are
subject to uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic conditions, the
impact of competition and pricing, and government regulation and approvals.
All such forward-looking statements, whether written or oral, and whether made
by, or on behalf of Return Assured Incorporated, are expressly qualified by
these cautionary statements and any other cautionary statements which may
accompany the forward-looking statements. In addition, Return Assured
Incorporated disclaims any obligation to update any forward-looking statements
to reflect events or circumstances after the date hereof. The information
contained on any web site referenced in this press release is not a part of
this press release.
CONTACT:
Matt Sebal
Return Assured Incorporated
877-807-4664
info@returnassured.com
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