Daw Technologies Receives Nasdaq Notice

Apr 17, 2001, 01:00 ET from Daw Technologies, Inc.

    SALT LAKE CITY, April 17 /PRNewswire/ --
 Daw Technologies, Inc. (Nasdaq:   DAWK), a leader in the design, engineering and
 installation of ultra-clean manufacturing environments, and a contract
 manufacturer, announced that it has received a Nasdaq Staff Determination
 letter dated April 11, 2001 indicating that the company fails to comply with
 the minimum bid price requirement for continued listing set forth in
 Marketplace Rule 4450(a)(5), and that its common stock is, therefore, subject
 to delisting from the Nasdaq National Market.
     The company has requested a hearing before a Nasdaq Listing Qualifications
 Panel to review the Staff Determination.  The company's common stock will
 continue to be listed on the Nasdaq National Market pending the conclusion of
 the appeal.  It is anticipated that the appeal process will take approximately
 two months.  As part of the appeal process, the company will prepare and
 present a plan for achieving and maintaining compliance with the minimum bid
 requirement for continued listing.  The company intends to vigorously pursue
 its appeal and will carefully examine all available options.
     There can be no assurance that the Panel will grant the company's request
 for continued listing.  If the Company's common stock is delisted from the
 Nasdaq National Market, the stock should nevertheless be eligible to be quoted
 on the OTC Bulletin Board.
 
     For further information, contact: B.J. Mendenhall, Chief Financial
 Officer, Daw Technologies, Inc., (801) 977-3100
 
 

SOURCE Daw Technologies, Inc.
    SALT LAKE CITY, April 17 /PRNewswire/ --
 Daw Technologies, Inc. (Nasdaq:   DAWK), a leader in the design, engineering and
 installation of ultra-clean manufacturing environments, and a contract
 manufacturer, announced that it has received a Nasdaq Staff Determination
 letter dated April 11, 2001 indicating that the company fails to comply with
 the minimum bid price requirement for continued listing set forth in
 Marketplace Rule 4450(a)(5), and that its common stock is, therefore, subject
 to delisting from the Nasdaq National Market.
     The company has requested a hearing before a Nasdaq Listing Qualifications
 Panel to review the Staff Determination.  The company's common stock will
 continue to be listed on the Nasdaq National Market pending the conclusion of
 the appeal.  It is anticipated that the appeal process will take approximately
 two months.  As part of the appeal process, the company will prepare and
 present a plan for achieving and maintaining compliance with the minimum bid
 requirement for continued listing.  The company intends to vigorously pursue
 its appeal and will carefully examine all available options.
     There can be no assurance that the Panel will grant the company's request
 for continued listing.  If the Company's common stock is delisted from the
 Nasdaq National Market, the stock should nevertheless be eligible to be quoted
 on the OTC Bulletin Board.
 
     For further information, contact: B.J. Mendenhall, Chief Financial
 Officer, Daw Technologies, Inc., (801) 977-3100
 
 SOURCE  Daw Technologies, Inc.