-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OFV4mWadlSgPdp2bonUaVY8L3CidE6nVdbo5zq3lYD8l1c0wA40FPbHunXbBL4/q ywNPASz4cXEhnnu+8KFUqw== 0001193125-03-039374.txt : 20030819 0001193125-03-039374.hdr.sgml : 20030819 20030819121205 ACCESSION NUMBER: 0001193125-03-039374 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030814 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEREP NATIONAL RADIO SALES INC CENTRAL INDEX KEY: 0000796735 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 131865151 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28395 FILM NUMBER: 03854857 BUSINESS ADDRESS: STREET 1: 100 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129160700 MAIL ADDRESS: STREET 1: 100 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 8-K 1 d8k.htm 08/14/2003 08/14/2003

 

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) August 14, 2003

 


 

INTEREP NATIONAL RADIO SALES, INC.

(Exact Name of Registrant as Specified in Charter)

 

New York   000-28395   13-1865151
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
100 Park Avenue, New York, New York   10017
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code        (212) 916-0700

 

(Former name or former address, if changed since last report.)

 


 


Item 5. Other Events.

 

On August 14, 2003, we received a notice from Nasdaq regarding its decision to delist our common stock from the SmallCap Market. Please see our press release attached to this Report as an exhibit.

 

Item 7. Financial Statements and Exhibits

 

(a) Not applicable

 

(b) Not applicable

 

(c) Exhibits

 

Exhibit No.

  

Description


99.1

  

Text of press release, dated August 15, 2003

 


SIGNATURE

 

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 hereunto duly authorized.

 

Date: August 19, 2003  

INTEREP NATIONAL RADIO SALES, INC.

(Registrant)

 

By: /s/ WILLIAM J. MCENTEE, JR.                

        William J. McEntee, Jr.

        Senior Vice President and

        Chief Financial Officer

 


Exhibit Index

 

Exhibit Number

  

Description


99.1

   Text of press release, dated August 15, 2003

 

EX-99.1 3 dex991.htm PRESS RELEASE Press Release

EXHIBIT 99.1

Interep Announces NASDAQ Delisting

 

For Immediate Release

 

NEW YORK, Aug. 15, 2003 — Interep (Nasdaq: IREPNews) today announced that it has received notice of a NASDAQ Listing Qualifications Panel determination that its common stock will be delisted from the NASDAQ SmallCap Market at the opening of business on August 18, 2003.

 

The Company’s securities will be immediately eligible for quotation on the OTC bulletin board with the opening of business on August 18, 2003. The OTC bulletin board symbol assigned to the Company will be “IREP”.

 

On April 10, 2003, Interep received notice from the NASDAQ Stock Market, Inc. stating that the NASDAQ staff has determined that the Company does not meet NASDAQ’s alternative stockholders’ equity, market capitalization or net income requirements for continued listing, as set forth in Marketplace Rule 4310(c)(2) (B).

 

On June 4, 2003, the Company requested a hearing, which stayed the delisting. At the hearing, the Company asked the NASDAQ Listing Qualifications Panel to consider certain reasons for the Company to remain listed. However, the Panel decided to delist the company as this time.

 

“While we are disappointed that the Panel has decided to delist us, we believe that the move to list our shares on the OTC bulletin board will not affect the overall value of our stock holdings, or our market growth,” said Ralph Guild, Chairman and CEO of Interep. ‘We will continue to grow our business and meet with new and existing investors to increase our shareholder value.”

 

About Interep:

 

Interep is the nation’s largest independent advertising sales and marketing company specializing in radio, the Internet and complementary media, with offices in 16 cities. Interep is the parent company of ABC Radio Sales, Allied Radio Partners, Cumulus Radio Sales, D&R Radio, Infinity Radio Sales, McGavren Guild Radio, MG/Susquehanna, SBS/Interep, as well as Interep Interactive, the company’s interactive representation and web publishing division specializing in the sales and marketing of on-line advertising, including streaming media. Interep Interactive includes Winstar Interactive, Cybereps and Perfect Circle Media. In addition, Interep provides a variety of support services, including: consumer and media research, sales and management training, promotional programs and unwired radio “networks.” Clients also benefit from Interep’s new business development team, the Interep Marketing Group. For more information, visit the company’s website at www.interep.com.

 


The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. For a discussion of certain factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Interep’s recent filings with the Securities and Exchange Commission.

 

Contact:    Ralph Guild 212-916-0508

Bill McEntee 516-227-0601

Mike Frank 201-659-0101

Mike@mikefrankassociates.com

 

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