Nasdaq makes announcement regarding Netia
WARSAW, Poland - March 20, 2002 - Netia Holdings S.A. ("Netia") (Nasdaq: NTIAQ, WSE: NET) announced today that The Nasdaq Stock Market made an announcement yesterday that the trading in Netia Holdings' American Depositary Shares on the Nasdaq National Market is scheduled to resume today at 8:00 a.m., New York time. Netia's trading on Nasdaq was previously halted after its filing of arrangement proceedings in Poland. Nasdaq also announced that its review of the continued listing status of Netia is ongoing. If Nasdaq determines to delist a company, the company will be notified in accordance with Nasdaq's rules and will be required to issue a press release announcing such determination. Nasdaq's rules further provide that a company can request a review of such a determination.
Some of the information contained in this news release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. For a more detailed description of these risks and factors, please see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F filed with the Commission on April 30, 2001, its Current Report on Form 6-K filed with the Commission on May 15, 2001, its Current Report on Form 6-K filed with the Commission on August 7, 2001, its Current Report on Form 6-K filed with the Commission on November 6, 2001, and its Current Report on Form 6-K filed with the Commission on January 18, 2002. The Company undertakes no obligation to publicly update or revise any forward-looking statements.