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December 1, 2000

1 Min Read
Omni Moved from NASDAQ to the Pink Sheets


Omni Moved from NASDAQ to the Pink Sheets

NEW YORK--Omni Nutraceuticals (OTC BB:ZONE) has been de-listed from theNASDAQ National Market System for failing to file its late annual report (10-K)for 1999, as well as a technical nonconformity with a NASDAQ rule relatedto documents concerning Omnis recent private placement. NASDAQ had haltedtrading on Omni shares on Nov. 7 and de-listed the stock seven days later. Thestock was sent to the minor leagues, the Over-The-Counter Bulletin Board (OTCBB), for trading as a pink sheet stock. At the time NASDAQ halted trading ofZONE, the share price was $1-5/16. On Nov. 20, ZONE shares traded at $0-6/16 onthe OTC BB.

The company has 15 days to appeal the decision, which it reported it woulddo, but the appeal does not serve to halt the de-listing. Meanwhile, Omni vowedto file its delayed amended 10-K report as well as its delayed 10-Q (quarterlyreport), and promised take any other steps necessary to regain its previouslisting on the NASDAQ.

For more information, call John Liviakis at (415) 389-4670.

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