GREENSTONE ROBERTS ADVERTISING INC
8-K, 1998-07-27
ADVERTISING AGENCIES
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
                            ------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JULY 27, 1998

                      GREENSTONE ROBERTS ADVERTISING, INC.

             (Exact name of registrant as specified in its charter)

                        Commission file number 000-17468

NEW YORK                                                   11-2250305
(State or other jurisdiction of             (IRS Employer identification No.)
Incorporation)



ONE HUNTINGTON QUADRANGLE
SUITE 1C14
MELVILLE, NEW YORK                                                    11747
(Address of principal executive offices)                            (Zip Code)



                                 (516) 249-2121
               Registrant's telephone number, including area code
                            -------------------------
<PAGE>
Item 5.  OTHER EVENTS.


By letter dated July 20, 1998, Greenstone Roberts Advertising, Inc. (the
"Company") was advised by the NASDAQ Stock Market, Inc. that the Company's
Common Stock would be delisted from the NASDAQ SmallCap market effective with
the close of business July 28, 1998.

Item 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(c)      EXHIBITS

         99.1      Press Release dated July 27, 1998




                                   SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                              Greenstone Roberts Advertising, Inc.



                              By: /s/ RONALD GREENSTONE
                                  Name: Ronald Greenstone
                                  Title: Chairman and Chief Executive Officer



Dated: July 27, 1998
<PAGE>
Exhibit Index

Exhibit No.           Description of Exhibit

     99.1             Press Release dated July 27, 1998

                                                                    EXHIBIT 99.1




FOR IMMEDIATE RELEASE
                                                      CONTACT: RONALD GREENSTONE
                                                                  (516) 249-2121




         GREENSTONE ROBERTS ADVERTISING, INC. ANNOUNCES ITS COMMON STOCK
                      DELISTED FROM NASDAQ SMALLCAP MARKET

     MELVILLE, NY, July 27, 1998 -- Greenstone Roberts Advertising, Inc.
(NASDAQ:GRRI) announced that, effective with the close of business July 28,
1998, its common stock will be delisted from the Nasdaq SmallCap Market due to
its inability to meet certain recent Nasdaq minimum listing requirements. The
Company's common stock may be eligible to be traded on the National Association
of Securities Dealers, Inc. (NASD) OTC Bulletin Board.

     Greenstone Roberts Advertising, Inc. is one of the nation's leading
advertising agencies. In addition to print and broadcast advertising, the agency
provides integrated marketing communications services to its clients, including
public relations, market research, sales promotion, direct marketing, internet
marketing and package design. A member of the American Association of
Advertising Agencies, Greenstone Roberts is headquartered in Melville, New York.


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