Hauser De-lists from NASDAQ, CEO Steps Down

November 1, 2000

1 Min Read
Hauser De-lists from NASDAQ, CEO Steps Down


Hauser De-lists from NASDAQ, CEO Steps Down

BOULDER, Colo.--Hauser Inc. (NASDAQ:HAUS) was de-listed from the NASDAQNational Market on Nov. 1 after failing to maintain a minimum per share price of$1 and a minimum public float value of $5 million. The company's stock will nowtrade under the same company stock symbol on the Over-The-Counter Bulletin Board(OTC BB), a regulated stock exchange for the OTC market.

Hauser's stock slipped under $1 per share on Aug. 8 and had not yet recoveredto that minimum required amount. However, the company anticipates re-listing onthe NASDAQ National Market exchange when it can fulfill the requirements.

In related company news, Hauser Inc.'s president and chief executive officer(CEO) Volker Wypyszyk requested to be relieved of his duties in order to focuson restoring the company's natural products division to profitability. He willnow be a senior executive vice president and will continue as director ofHauser.

The board of directors appointed Kenneth Cleveland to Wypyszyk's vacant postsas well as a director. Previously, Cleveland was president of his own advisingfirm before joining Hauser in Aug. 2000 as senior executive vice president andchief financial officer. For more information, visit www.hauser.com.

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