CCME heading for the pinksheets effective Tuesday 4/12 unless they can successfully appeal the Nasdaq decision which seems unlikely -
China MediaExpress Holdings, Inc. (NASDAQ: CCME) ("CME" or "Company"), China's largest television advertising operator on inter-city and airport express buses, reported today that the NASDAQ Stock Market ("NASDAQ") has sent a letter to the Company to the effect that NASDAQ was exercising its discretionary authority under Listing Rule 5101 to suspend the Company's common stock from trading on NASDAQ effective opening of business on April 12, 2011, subject to the Company's right to appeal such determination to a hearing panel not later than April 8, 2011. The Company intends to appeal NASDAQ's determination before such deadline.
