LAWRENCEVILLE, Ga., July 1 /PRNewswire-FirstCall/ -- On June 27, 2008
Triple Crown Media, Inc. (Nasdaq: TCMI) received notification from The
Nasdaq Stock Market that for the last 30 consecutive trading days TCMI's
common stock has closed below the minimum $1.00 per share requirement for
continued inclusion under Marketplace Rule 4450(a)(5) (the "Rule"). TCMI
will be provided 180 calendar days, or until December 24, 2008, to regain
compliance. If, at anytime before December 24, 2008, the bid price of the
Company's common stock closes at $1.00 per share or more for a minimum of
10 consecutive business days, written notification will be sent stating
that TCMI has achieved compliance with the Rule. If compliance with the
Rule cannot be demonstrated by December 24, 2008, TCMI's securities will be
delisted from The Nasdaq Global Market.
SOURCE Triple Crown Media, Inc.
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Related links:
http://www.triplecrownmedia.com
CONTACT:
Robert Prather, Jr., President and Chief
Executive Officer, +1-404-266-8333, or Mark G. Meikle, Executive
Vice President and Chief Financial Officer, +1-859-226-4376, both
of Triple Crown Media, Inc.
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