LAWRENCEVILLE, Ga., July 21 /PRNewswire-FirstCall/ -- On April 15,
2007, Triple Crown Media, Inc. (Nasdaq: TCMI) (the "Company") received an
initial notification from The Nasdaq Stock Market that the Company had not
maintained a minimum market value of its shares of common stock in
accordance with Marketplace Rule 4450(e)(1) and would be required to regain
compliance by July 14, 2008. On July 16, 2008 the Company received a
follow-up notification from The Nasdaq Stock Market that the Company has
not regained compliance in accordance with Marketplace Rule 4450(e)(1).
Accordingly, its securities will be delisted from The Nasdaq Global Market.
Trading of the Company's common stock will be suspended at the opening of
business on July 25, 2008, and a Form 25-NSE will be filed with the
Securities and Exchange Commission, which will remove the Company's
securities from listing and registration on The Nasdaq Stock Market. The
Company's securities will continue to be quoted in the pink sheets under
the symbol TCMI.
SOURCE Triple Crown Media, Inc.
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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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