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Exhibit 99.1
NYSE Suspends Trading in UniCapital Corporation
Moves to Remove from the list
NEW YORK, November 22, 2000 -- The New York Stock Exchange announced today that
it determined that the common stock of UniCapital Corporation (the "Company") --
ticker symbol UCP -- should be suspended immediately. The Company has a right to
a review of this determination by a Committee of the Board of Directors of the
Exchange (the "Committee"). Application to the Securities and Exchange
Commission to delist the issue is pending the completion of applicable
procedures, including any appeal by the Company of the NYSE staff's decision.
The Exchange's action is being taken due to the abnormally low selling price of
the Company's common stock. The share price closed at approximately $0.04 on
November 21, 2000.
In addition, the Company is below the NYSE's continued listing criteria relating
to: average global market capitalization over a consecutive 30 trading-day
period less than $15 million; and minimum share price of $1 over a 30
trading-day period.
The NYSE noted that it may, at any time, suspend a security if it believes that
continued dealings in the security on the NYSE are not advisable.
For further information contact:
Investor Relations
UniCapital Corporation
(305) 899-5000
