The Knot, Nasdaq Getting A Divorce – online wedding company delisted – Company Financial Information
The Knot Inc. [NASDAQ:KNOT], which runs an online wedding site and publishes several wedding-related magazines, today said it was delisted from the Nasdaq National Market.
The company, which supplies wedding content to America Online and MSN, said in a press release that its stock will be traded on the Over The Counter Bulletin Board. The change was effective Thursday.
The Knot on Aug. 13 released its second quarter results for the three-month period ending June 30. The Knot reported a net loss for the quarter of $4.1 million, or 28 cents per share. The company claimed it added 242,000 new members during the quarter, which pushed its cumulative membership total to over 1.9 million. The company said it had 959,000 members at the end of June 2000.
According to the company’s Web site, The Knot was launched in July 1997. In April 1999, shopping company QVC invested $15 million, and the company’s December 1999 IPO raised $35 million.
Officials at The Knot did not return telephone calls requesting comment on the delisting.
The Knot is at http://www.theknot.com .
Reported by Newsbytes.com, http://www.newsbytes.com .
(20010824/Press Contact: Heidi Dillmann, The Knot, 212-219-8555, ext. 1128/WIRES ONLINE, BUSINESS/DOTCOMSHAKE/PHOTO)
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