NEW HAVEN, Conn.--(BUSINESS WIRE)--Oct. 9, 2003--DSL.net, Inc. (NASDAQ: DSLN), a leading nationwide provider of broadband communications services to businesses, today announced that it has been advised by the Nasdaq that the Company has received an additional extension of the grace period for regaining compliance with the Nasdaq SmallCap Market's minimum bid price rule, which is required for continued listing.
The extension now runs through Dec. 8, 2003, and supercedes a Nasdaq Listing Qualifications Panel determination last month that gave DSL.net until Nov. 17, 2003, to comply with the $1.00 closing bid price per-share requirement as set forth in the Nasdaq's Marketplace Rule 4310(c)(4).
According to the Nasdaq, the addition to the original extension was granted to "allow for further developments in the SEC (Securities and Exchange Commission) rule-making process." The Nasdaq recently amended its proposal, for which it is seeking SEC approval, to modify the grace periods for Nasdaq SmallCap Market companies seeking to regain compliance with the minimum bid price requirement. The extension is subject to any final action taken on the proposed rule change.
About DSL.net
DSL.net, Inc. is a leading nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider (ISP) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services, as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, e-mail info@dsl.net or call 1-877-DSL-NET1 (1-877-375-6381).
