Common Stock and Warrants of Pride Subsidiary Have Been Delisted
18 May 1999
Pride, Inc. Announces That the Common Stock and Warrants of Its Pride Automotive Group Subsidiary Have Been Delisted By NASDAQ
WATFORD, England--May 18, 1999--The NASD Bulletin Board Under the Symbol DGMF and DGMFW,
Respectively
Bulletin Board Common Stock Symbol: PRYD
Pride, Inc. ("PRYD") today announced that the common stock and warrants of it's Pride Automotive Group, Inc. subsidiary have been delisted by NASDAQ and that its common stock and warrants will begin trading May 17, 1999 on the NASD Bulletin Board under the symbol DGMF and DGMFW, respectively.
The Company announced that NASDAQ delisted Pride's securities as a result of (i) the Company's failure to maintain required net tangible assets for listing; (ii) for its late filing of its annual report on Form 10-KSB for fiscal 1998; and (iii) NASDAQ questioning the value of the Company's AC Automotive Group, Inc. holdings.