Alternate Marketing Networks Inc. received notice from the Nasdaq Stock Market Inc. that its common shares were delisted from the SmallCap Market Thursday.
The company said its shares are fully eligible for immediate trading on the over-the-counter Bulletin Board market. Meanwhile, its board of directors is examining the feasibility of a future listing on the Nasdaq SmallCap Market, AMEX or the new Bulletin Board Exchange (BBX) that Nasdaq plans to launch in 2003.
In August, the Grand Rapids, MI, firm, which offers private delivery of mail and other marketing services, was told that it did not satisfy the stock exchange’s requirements to remain listed (DIRECT Newsline, Aug. 8).
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