FOR IMMEDIATE RELEASE CONTACT: SUZANNE BRINK
Boulder, Colorado Investor Relations Manager
October 31, 2000 (720) 406-4699
HAUSER ANNOUNCES DELISTING FROM NASDAQ
Hauser Inc. (NASDAQ:HAUS), today announced that its shares of Common Stock will
be officially delisted from the Nasdaq National Market effective November 1,
2000. The delisting is based upon the Company's lack of compliance with the
Nasdaq National Market's listing requirements which call for a minimum bid price
of $1.00 and a minimum public float value of $5 million.
The Company's Common Stock is now eligible for trading in the over-the-counter
market and quotation on the OTC Bulletin Board (OTCBB.) The OTCBB is a regulated
quotation service that displays real-time quotes and last-sale price and volume
information in over-the-counter (OTC) equity securities. The Company currently
anticipates it will again seek to be listed on Nasdaq or a national securities
market exchange if and when the Company satisfies the requirements for initial
listing.
Hauser, a CUSTOMER CONNECTEDSM company headquartered in Boulder, Colorado, is a
leading supplier of herbal extracts and nutritional supplements. The Company
also provides interdisciplinary laboratory testing services, chemical
engineering services, and contract research and development. The Company's
products and services are principally marketed to the pharmaceutical, dietary
supplement and food ingredient businesses. Hauser's business units include:
Botanicals International Extracts, Hauser Laboratories, Shuster Laboratories,
and ZetaPharm.
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Certain oral and written statements of management of the Company included in
this Press Release and elsewhere may contain forward-looking statements within
the meaning of Section 27A of the Securities Exchange Act of 1933 and Section
21E of the Securities Exchange Act of 1934, which are intended to be covered by
the safe harbors created thereby. These statements include the plans and
objectives of management for future operations. The forward-looking statements
included herein and elsewhere are based on current expectations that involve
judgments which are difficult or impossible to predict accurately and many of
which are beyond the control of the Company. Although the Company believes that
the assumptions underlying the forward-looking statements are reasonable, any of
the assumptions could be inaccurate and, therefore, there can be no assurance
that the forward-looking statements will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking statements, the
inclusion of such information should not be regarded as a representation by the
Company or any other person that the objectives and plans of the Company will be
achieved.
