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| Youbet may lose listing |
2/24/2001 Youbet.com common stock below minimum US$1 bid price Youbet.com Inc., a major online live event and betting company for the horse racing industry, today announced that it received notification from The Nasdaq Stock Market that it is not in compliance with the National Market's listing maintenance standard regarding minimum bid prices. This standard requires that the company's common stock maintain a minimum bid price of at least $1.00 per share for 10 consecutive trading days prior to May 21, 2001. If the company is unable to maintain a minimum bid price of at least $1.00 per share by the specified date, Nasdaq will seek to delist the company's common stock from the exchange. Youbet.com currently provides network members the ability to watch and wager on horse races via its exclusive closed-loop network. |
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