Tuesday, July 22, 2003 8:40:24 AM
7/22/2003 7:05:00 AM
SEATTLE, Jul 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced that it has regained compliance with the $1 per share minimum closing bid price requirement for listing its common stock on the Nasdaq SmallCap Market.
Loudeye received notification from the Nasdaq Stock Market stating that the Company has regained compliance with the bid price requirement and all other requirements necessary for continued listing on the Nasdaq SmallCap Market. As a result, the Company's common stock will continue to be listed on the Nasdaq SmallCap Market, so long as the company continues to satisfy the continued listing requirements.
The Company's previously announced appeal is no longer necessary, and the hearing file will be closed by Nasdaq.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital media for the entertainment and corporate markets. For more information, visit www.loudeye.com.
SOURCE Loudeye Corp.
media, Andrew Cullen of Barokas Public Relations,
+1-206-264-8220, or andrew@barokas.com, for Loudeye Corp.; or investors,
Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com
http://www.loudeye.com
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