ERTH
Earthshell Corporation Receives Notice of Extension From Nasdaq
Business Editors/Environment Writers
SANTA BARBARA, CA--(BUSINESS WIRE)--Aug. 25, 2003--EarthShell
Corporation (NASDAQ: ERTH), innovators of food service packaging
designed with the environment in mind, today announced that Nasdaq has
provided an additional 90 days for the Company's securities to achieve
the minimum bid price requirement of $1.00 per share for ten
consecutive days on The Nasdaq SmallCap Market, in accordance with
Marketplace Rule 4310(c)(8)(D).
In addition, EarthShell Corporation further stated that although
the Company has received shareholder approval to execute a reverse
stock split at its annual stockholder's meeting in June, the Board of
Directors has decided not to effect a reverse split at this time.
EarthShell Corporation is a development stage company engaged in
the licensing and commercialization of proprietary composite material
technology for the manufacture of foodservice disposable packaging,
including cups, plates, bowls, hinged-lid containers, and sandwich
wraps. In addition to certain environmental characteristics,
EarthShell Packaging is designed to be cost and performance
competitive compared to other foodservice packaging materials.
For more information, please visit our website www.earthshell.com.
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks,
uncertainties of other factors which may cause actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Factors that might cause
such a difference include, but are not limited to, those discussed in
the Management's Discussion and Analysis of Financial Condition and
Results of Operations in the Company's most recent Form 10-K and other
documents filed by the Company with the Securities and Exchange
Commission.
--30--RS/ny*
CONTACT: EarthShell Corporation
Media:
Cindy Eikenberg, 410-847-9420
www.earthshell.com
or:
Euro RSCG Middleberg
Victoria Grantham, 212-699-2520
Victoria.Grantham@eurorscg.com
or
