ATLANTA— Buckhead America Corp. recently received letters from The Nasdaq Stock Market to the effect that its shares failed to meet the Nasdaq SmallCap Markets minimum price requirement of $1.00 per share for 30 consecutive trading days, and also that its shares had not maintained a minimum aggregate market value of publicly held shares of $1 million for 30 consecutive trading days. The Companys shares are subject to de-listing unless prior to June 4, 2002 the aggregate market value of publicly held shares is $1 million or more for a minimum of 10 consecutive trading days, and prior to August 14, 2002, the shares close at $1.00 or more for a minimum of 10 consecutive trading days. Nasdaq could require a longer period of compliance to avoid de-listing. Buckhead America said that if the qualification requirements have not been met by the specified times, the shares likely will be de-listed, in which case the companys shares may be traded on the Nasdaq Over-the-Counter Bulletin Board.
