Company Appeals Staff Decision to Listing Qualifications Panel
ATLANTA, Dec. 8 /PRNewswire-FirstCall/ -- Bull Run Corporation
(Nasdaq: BULL) today announced it has received a Nasdaq Staff Determination
indicating that the Company fails to comply with the minimum stockholders'
equity requirement for continued listing set forth in Marketplace Rule
4310(c)(2)(B), and that its securities are therefore, subject to delisting
from The Nasdaq SmallCap Market. The Company has requested a hearing before a
Nasdaq Listing Qualifications Panel to review the Staff Determination. There
can be no assurance the Panel will grant the Company's request for continued
listing.
No delisting action will be taken by Nasdaq until such time as the
Company's appeal can be heard. The Company expects that the hearing will be
scheduled for a date within the next 45 days. If delisted from the Nasdaq
SmallCap Market, the Company's securities may be immediately eligible for
quotation on the OTC Bulletin Board.
Forward-Looking Statements
Certain statements in this press release are "forward looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are not guaranties of future events, and involve risks and
uncertainties, including, without limitation, determinations and actions of
the Nasdaq Stock Market Staff and the Listing Qualifications Panel and the
ability of the Company to effect transactions that would timely restore its
stockholders' equity to a level that meets the Nasdaq SmallCap Market
requirement.
SOURCE Bull Run Corporation
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Related links:
http://www.bullruncorp.com
Company News On-Call:
http://www.prnewswire.com/comp/232438.html
CONTACT:
Robert S. Prather, Jr., President & Chief
Executive Officer, +1-404-266-8333, or Frederick J. Erickson,
VP-Finance & Chief Financial Officer, +1-704-602-3107, both of
Bull Run Corporation
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