-----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, Wil1GqUOPzCCV5CF0DuFOvfp+9dRbX47vpyKEPLpj6p1uOs7ViSyXlA4HKobukbf FY6k1/y/JJ4PcC8iK733GA== 0001032210-02-001061.txt : 20020705 0001032210-02-001061.hdr.sgml : 20020704 20020705151331 ACCESSION NUMBER: 0001032210-02-001061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020703 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INFOSPACE INC CENTRAL INDEX KEY: 0001068875 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 911718107 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25131 FILM NUMBER: 02697308 BUSINESS ADDRESS: STREET 1: 601 108TH AVE NE STREET 2: SUITE 1200 CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 4258821602 FORMER COMPANY: FORMER CONFORMED NAME: INFOSPACE COM INC DATE OF NAME CHANGE: 19980824 8-K 1 d8k.htm CURRENT REPORT DATED JULY 3, 2002. Prepared by R.R. Donnelley Financial -- Current Report Dated July 3, 2002.
 
 
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
 
July 3, 2002
Date of Report
(Date of earliest event reported)
 
 
INFOSPACE, INC.
(Exact name of Registrant as specified in its charter)
 
 
DELAWARE
(State or other jurisdiction of incorporation)
 
0-25131
 
91-1718107
(Commission File No.)
 
(IRS Employer Identification Number)
 
601 108th Avenue N.E., Suite 1200
Bellevue, Washington 98004
(Address of Principal Executive Offices)
 
425-201-6100
(Registrant’s Telephone Number, Including Area Code)
 
 


Item 5.     OTHER EVENTS
 
On July 3, 2002, InfoSpace, Inc. received notification from The Nasdaq Stock Market that it is not in compliance with the National Market’s listing maintenance standard regarding minimum bid prices. In accordance with that rule, InfoSpace has 90 days to regain compliance with its stock trading above $1 for 10 consecutive trading days.
 
The InfoSpace Board of Directors is evaluating various alternatives to address this issue.
 
Item 7.    FINANCIAL STATEMENTS AND EXHIBITS
 
 
(c)
 
EXHIBITS.
 
 
99.1
 
Press Release, dated July 5, 2002


SIGNATURES
 
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:  July 5, 2002
 
INFOSPACE, INC.
By:
 
/S/    JOHN M. HALL        

   
John M. Hall
Senior Vice President and General Counsel
EX-99.1 3 dex991.htm PRESS RELEASE REGARDING NASDAQ NOTICE Prepared by R.R. Donnelley Financial -- Press Release Regarding Nasdaq Notice
Exhibit 99.1
 
InfoSpace Receives Nasdaq Notice of Bid Price Deficiency
 
InfoSpace has 90 days to regain compliance; Board of Directors is reviewing various
alternatives to address this issue
 
BELLEVUE, Wash. (July 5, 2002)—InfoSpace, Inc. (Nasdaq: INSP), a provider of wireless and Internet software and application services, today announced that it has received notification from The Nasdaq Stock Market that it is not in compliance with the National Market’s listing maintenance standard regarding minimum bid prices. In accordance with that rule, InfoSpace has 90 days to regain compliance with its stock trading above $1 for 10 consecutive trading days.
 
The InfoSpace Board of Directors is evaluating various alternatives to address this issue.
 
InfoSpace announced in May that both its Wireline and Merchant Business Units were profitable in the first quarter on a pro forma basis. These two business units represented 80 percent of total first quarter revenues.
 
“With our blue-chip list of customers, strong balance sheet and no debt, InfoSpace is in a strong position to maximize shareholder value and achieve profitability,” said Ed Belsheim, president and chief operating officer of InfoSpace, Inc.
 
About InfoSpace, Inc.
 
InfoSpace, Inc. (Nasdaq: INSP) provides wireless and Internet software and application services. The Company develops software technologies that enable customers to efficiently offer a broad array of network-based services under their own brand to any device. InfoSpace corporate information can be found at http://www.infospaceinc.com/.
 
This release contains forward-looking statements relating to the development of InfoSpace, Inc.’s products and services and future operating results, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words “believe,” “expect,” “intend,” “anticipate,” variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace’s actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace’s Annual Report on Form 10-K, in the section entitled “Factors Affecting Our Operating Results, Business Prospects and Market Price of Stock.” Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
 
# # #
 
Contacts
InfoSpace, Inc.
(425) 201-8901
ir@infospace.com
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