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  Acclaim Receives Nasdaq Delisting Notice
Time: 22:14 EST/03:14 GMT | News Source: FunXBox | Posted By: Anthony Darr

Video game publisher Acclaim Entertainment Inc.said it had received a letter from the Nasdaq indicating its stock is in danger of being delisted.Glen Cove, New York-based Acclaim said it was notified that because its stock has closed below $1 for 30 consecutive trading days, it does not meet minimum bid requirements.

The letter also states that if compliance cannot be demonstrated by July 23, 2003, Nasdaq will determine whether the Company meets the initial listing standards for The Nasdaq SmallCap Market, and if the Company meets that criteria it will be granted an additional 180 day grace period in which to demonstrate compliance. Acclaim also said it could appeal any such ruling.

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