Wednesday, June 19, 2002 2:51:43 PM
to Appeal Delisting Company Files First Quarter 2002 SEC Form 10-Q
LOUISVILLE, Ky., May 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- High Speed
Access Corp. (Nasdaq: HSAC) announced today that on May 13, 2002, it received
notification from Nasdaq indicating Nasdaq's intention to delist the Company's
common stock from The Nasdaq National Market effective at the opening of
business on May 21, 2002.
In the notification, Nasdaq states that it is taking this action pursuant to its
discretionary authority under Nasdaq Marketplace Rules 4300 and 4330(a)(3).
Specifically, Nasdaq notes that the Company has not owned or managed any
revenue-generating businesses since February 28, 2002, and to date continues to
lack tangible business operations. Accordingly, Nasdaq believes the Company is a
"public shell," which may be subject to market abuses or other violative conduct
detrimental to the interests of the investing public.
The Company intends to appeal the Nasdaq's decision and request a hearing within
45 days of its appeal. Under Nasdaq rules, the request for hearing will stay the
delisting action pending the issuance of a written determination by the Nasdaq
Listing Qualifications Panel. There is no assurance that the Panel will grant
the Company's request for continued listing.
HSA also announced that it has filed its Form 10-Q for the quarterly period
ended March 31, 2002 with the Securities and Exchange Commission.
SOURCE High Speed Access Corp.
CONTACT: Investors and Media, George E. Willett, President and CFO of
High Speed Access Corp., +1-502-420-7453, ir@hsacorp.net
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM