COPPELL, Texas--March 9, 2001--Impreso.com, Inc., which through its subsidiaries, is involved in (1) the manufacture and distribution of paper and film hard copy imaging products for commercial and home office applications, and (2) the development of eCommerce initiatives, today announced that it has been notified by Nasdaq that its shares will likely be delisted from the Nasdaq National Market in the near future.
If this occurs, the Company intends to seek a listing of its shares on the Nasdaq SmallCap Market or another stock exchange.
Nasdaq has informed the Company, in a letter dated March 5, 2001, that Impreso.com, Inc. no longer complies with the ``minimum market value of public float'' requirement for continued listing on the Nasdaq National Market, as set forth in Marketplace Rule (a) (2). At the present time, the Nasdaq National Market requires that the market value of a company's public ``float'' must exceed $5 million in order for its shares to remain listed. The Company's outstanding shares held by the public for purposes of this calculation approximate 1,518,482, and to regain compliance, ZCOM's closing per-share bid price must remain at a minimum of $3.30 for ten consecutive trading days.
The Company intends to appeal Nasdaq's determination, pursuant to the procedures set forth in the Nasdaq Marketplace Rule 4800 Series. There can be no assurance that such appeal will be successful. If the Company's appeal is unsuccessful, Nasdaq intends to delist Impreso.com securities from the Nasdaq National Market. If ZCOM shares are delisted from the Nasdaq National Market, the Company will seek to have its common stock listed on the Nasdaq SmallCap or another stock exchange.
About Impreso.com, Inc.
Impreso.com, Inc. is a holding company for TST/Impreso, Inc. and HotSheet.com, Inc. TST/Impreso, Inc. is a manufacturer and distributor of hard copy imaging products for commercial and home use in domestic and international markets. HotSheet.com, Inc. primarily owns HotSheet.com, a single-page, online Internet directory with categorized links to premier web destinations. The Company's website domains are www.hotsheet.com, www.impreso.com, www.shopsheet.com and www.tstimpreso.com.
This press release may include statements that constitute ``forward-looking'' statements, usually containing the words ``believe,'' ``estimate,'' ``project,'' ``expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, paper prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Impreso.com, Inc.
Marshall Sorokwasz, 972/462-0100, ext. 103
or
RJ Falkner & Company, Inc.
Investor Relations Counsel, 800/377-9893
info@rjfalkner.com