ATLANTA-Preferred Networks Inc. said The Nasdaq Stock Market notified the company that
effective with the close of business on March 22, the company’s common stock was delisted as a consequence of its
failure to meet certain standards, including the net tangible assets and minimum bid price requirements for the Nasdaq
National Market.
PNI said its securities now are trading on the OTC Bulletin Board, a regulated quotation service
that displays real-time quotes and last-sale price and value information in over-the-counter equity
securities.
“We do not believe the move from the Nasdaq market will have an impact on the buying and
trading of PNI stock,” said Mark H. Dunaway, chief executive officer of PNI.
