Educational Insights Receives Nasdaq Determination Letter

Apr 11, 2001, 01:00 ET from Educational Insights, Inc.

    CARSON, Calif., April 11 /PRNewswire/ -- Educational Insights, Inc.
 (Nasdaq: EDIN) announced that it received a determination letter from the
 Nasdaq Staff (the "Staff") on April 5, 2001.  This letter stipulated that the
 Company's common stock would be delisted from the Nasdaq SmallCap Market at
 the opening of business on April 16, 2001.  This determination was based on
 the Company not complying with Marketplace Rule 4310(a)(1) as the Company
 had filed the Form 15 with the Securities and Exchange Commission on
 March 29, 2001.  This filing, upon effectiveness, terminates registration of
 the Company's securities under the Securities and Exchange Act of 1934 (the
 "Exchange Act") and also immediately suspends the Company's duty to file
 periodic reports under the Exchange Act.  As such, the Staff believes said
 filing raises public interest concerns under Marketplace Rule 4300.
     In addition, the Staff had previously notified the Company that its common
 stock had failed to maintain the minimum bid price of $1.00 as required by The
 Nasdaq SmallCap Market under Marketplace Rule 4310(c)(4).  Therefore, in
 accordance with Marketplace Rule 4310(c)(8)(B), the Company was provided until
 April 5, 2001 to regain compliance with this Rule.  Based on their review, the
 Staff determined that the Company had not demonstrated its ability to sustain
 compliance during that time, hence the Staff's determination to delist the
 Company was also based on this rule.
     The Company was also informed on April 5, 2001 that trading of its stock
 had been halted due to the aforesaid filing of the Form 15.  This action
 effectively precluded the trading of the Company's common stock on any
 exchange.  As a result, on April 10, 2001, the Company requested Nasdaq to
 delist its securities immediately so that its common stock could be traded on
 the so-called pink sheets.
 
     Educational Insights, Inc. designs, develops and markets a variety of
 educational products, including electronic learning aids, electronic games,
 activity books, science kits, board games and other materials for use in both
 schools and homes.  The Company's product line, including its most popular
 product, GeoSafari, appeals to children as well as students ranging from
 pre-kindergarten to adult and is designed to make learning fun.
 
 

SOURCE Educational Insights, Inc.
    CARSON, Calif., April 11 /PRNewswire/ -- Educational Insights, Inc.
 (Nasdaq: EDIN) announced that it received a determination letter from the
 Nasdaq Staff (the "Staff") on April 5, 2001.  This letter stipulated that the
 Company's common stock would be delisted from the Nasdaq SmallCap Market at
 the opening of business on April 16, 2001.  This determination was based on
 the Company not complying with Marketplace Rule 4310(a)(1) as the Company
 had filed the Form 15 with the Securities and Exchange Commission on
 March 29, 2001.  This filing, upon effectiveness, terminates registration of
 the Company's securities under the Securities and Exchange Act of 1934 (the
 "Exchange Act") and also immediately suspends the Company's duty to file
 periodic reports under the Exchange Act.  As such, the Staff believes said
 filing raises public interest concerns under Marketplace Rule 4300.
     In addition, the Staff had previously notified the Company that its common
 stock had failed to maintain the minimum bid price of $1.00 as required by The
 Nasdaq SmallCap Market under Marketplace Rule 4310(c)(4).  Therefore, in
 accordance with Marketplace Rule 4310(c)(8)(B), the Company was provided until
 April 5, 2001 to regain compliance with this Rule.  Based on their review, the
 Staff determined that the Company had not demonstrated its ability to sustain
 compliance during that time, hence the Staff's determination to delist the
 Company was also based on this rule.
     The Company was also informed on April 5, 2001 that trading of its stock
 had been halted due to the aforesaid filing of the Form 15.  This action
 effectively precluded the trading of the Company's common stock on any
 exchange.  As a result, on April 10, 2001, the Company requested Nasdaq to
 delist its securities immediately so that its common stock could be traded on
 the so-called pink sheets.
 
     Educational Insights, Inc. designs, develops and markets a variety of
 educational products, including electronic learning aids, electronic games,
 activity books, science kits, board games and other materials for use in both
 schools and homes.  The Company's product line, including its most popular
 product, GeoSafari, appeals to children as well as students ranging from
 pre-kindergarten to adult and is designed to make learning fun.
 
 SOURCE  Educational Insights, Inc.