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Advanced Materials is Notified That Stock Is Delisted From Nasdaq

14 December 2000

Advanced Materials Group Inc. Receives Notification From Nasdaq That Stock Is Delisted From Nasdaq SmallCap Market

    RANCHO DOMINGUEZ, Calif.--Dec. 14, 2000--Advanced Materials Group Inc. today announced that it has been notified by the Nasdaq Qualifications Hearing Panel of its decision to delist the Company's common stock from the Nasdaq SmallCap Market effective with the open of business on Dec. 14, 2000.
    The Company expects that its common stock will be immediately eligible to trade on the NASD-regulated OTC Bulletin Board. On Nov. 10, 2000, the Company announced that its board of directors had authorized a reverse stock split as part of its plan for continued compliance with the Nasdaq SmallCap listing requirements. In light of the Hearing Panel's decision to delist the Company's common stock, the Company will not proceed with this reverse stock split.