Envirogen Gets Notification of Potential Delisting

Date: August 15, 2002

Source: News Room

Envirogen Inc. (Nasdaq: ENVG) has received Nasdaq notification that its shares do not meet the $1 minimum bid price for continued SmallCap Market listing. The environmental systems and services company said it needs to be in compliance by Jan. 27. After that time period, Nasdaq will determine if Envirogen meets the initial listing criteria for a further 180-calendar-day grace period or it may notify the company of delisting actions subject to appeal. Shares of Envirogen closed Tuesday at 86 cents a share. The company hit a 52- week low of 70 cents a share on July 25. In fiscal 2001, Envirogen posted a loss of $485,639, or 12 cents a share, on revenue of $20.4 million. More information: www.envirogen.com.

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