Nasdaq Grants Conditional SmallCap Market Listing to BrightStar

Apr 18, 2001, 01:00 ET from BrightStar Information Technology Group

    PLEASANTON, Calif., April 18 /PRNewswire/ --
 BrightStar Information Technology Group, Inc. (Nasdaq:   BTSR), a leading
 provider of Application Team Outsourcing services for Global 2000, mid-market
 and public sector clients, today reported that effective with the open of
 business on Friday, April 20, 2001, the listing of its common stock, which is
 currently on The Nasdaq National Market, will be transferred to the The Nasdaq
 SmallCap Market.  The listing of BrightStar's common stock on The Nasdaq
 SmallCap Market will be continued via an exception from the net tangible
 assets, market capitalization of public float and minimum bid price
 requirements.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990519/BRIGHTSTAR )
     While BrightStar currently does not meet these requirements for continued
 listing on the The Nasdaq SmallCap Market, the Company was granted a temporary
 exception from these standards subject to BrightStar meeting certain
 conditions.  While the exception is scheduled to expire on June 14, 2001,
 BrightStar intends to request an extension of the exception to June 28, 2001
 to facilitate compliance with the conditions to the exception.  However, there
 can be no assurance that such an extension will be granted.
    In the event the Company is deemed to have met the terms of the exception,
 it shall continue to be listed on The Nasdaq SmallCap Market.  The Company
 believes that it can meet these conditions. However, there can be no assurance
 that it will do so.  If at some future date the Company's securities should
 cease to be listed on The Nasdaq SmallCap Market, they may continue to be
 listed in the OTC-Bulletin Board.  For the duration of the exception, the
 Company's Nasdaq symbol will be "BTSRC."
 
     About BrightStar
     BrightStar Information Technology Group, Inc. is a leading provider of
 Application Team Outsourcing services for Global 2000, mid-market and public
 sector clients, including application support and hosting, custom-application
 development and integration of comprehensive enterprise and e-business
 solutions.  BrightStar helps companies achieve a competitive advantage through
 the outsourcing or implementation of leading-edge enterprise resource
 planning, supply chain management, customer relationship management, corporate
 portal, e-commerce and custom-application solutions.  BrightStar has offices
 in the San Francisco Bay Area, Dallas, Texas and Lafayette, Louisiana and can
 be reached via the company's Web site at www.brightstar.com.
 
     Cautionary Note Regarding Forward-Looking Statements
     This report includes forward-looking statements that reflect BrightStar's
 current expectations about its future results, performance, prospects and
 opportunities.  BrightStar has tried to identify these forward-looking
 statements by using words such as "believe," "expect," "anticipate," "intend,"
 "estimate" and similar expressions.  These forward-looking statements are
 subject to a number of risks, uncertainties and other factors that could cause
 BrightStar's actual results, performance, prospects or opportunities in
 2001 and beyond to differ materially from those expressed in, or implied by,
 these forward-looking statements.  These risks, uncertainties and other
 factors include, but are not limited to, the impact of the changes in the
 Company's management, the development of the marketplace for application
 outsourcing and e-business solutions and other factors affecting market
 demand, BrightStar's ability to meet its immediate and future cash needs,
 changes in business plans and financial models that may result from any
 financing or strategic transactions entered into by BrightStar, BrightStar's
 ability to manage its growth and expansion into new geographic areas and
 service lines, foreign currency exchange rate fluctuations, difficulties in
 attracting and retaining highly skilled employees, BrightStar's ability to
 accurately estimate the cost, scope and duration of fixed-price client
 engagements, BrightStar's ability to collect amounts billed for client
 engagements, risks related to possible acquisitions, competitive factors and
 possible consequences of any stockholder lawsuits against BrightStar.  For
 further information about these and other risks, uncertainties and factors,
 please review the disclosure included under the caption "Risk Factors" in
 BrightStar's Registration Statement on Form S-1 dated December 18, 2000, and
 other information filed with the Securities and Exchange Commission.
 BrightStar undertakes no obligation to update or revise any forward-looking
 statements, whether as a result of new information, future events or changed
 circumstances or for any other reason.
     NOTE:  BrightStar and the BrightStar logo are trademarks of BrightStar
 Information Technology Group, Inc.  All other company and product names may be
 trademarks of their respective owners.
 
 

SOURCE BrightStar Information Technology Group
    PLEASANTON, Calif., April 18 /PRNewswire/ --
 BrightStar Information Technology Group, Inc. (Nasdaq:   BTSR), a leading
 provider of Application Team Outsourcing services for Global 2000, mid-market
 and public sector clients, today reported that effective with the open of
 business on Friday, April 20, 2001, the listing of its common stock, which is
 currently on The Nasdaq National Market, will be transferred to the The Nasdaq
 SmallCap Market.  The listing of BrightStar's common stock on The Nasdaq
 SmallCap Market will be continued via an exception from the net tangible
 assets, market capitalization of public float and minimum bid price
 requirements.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990519/BRIGHTSTAR )
     While BrightStar currently does not meet these requirements for continued
 listing on the The Nasdaq SmallCap Market, the Company was granted a temporary
 exception from these standards subject to BrightStar meeting certain
 conditions.  While the exception is scheduled to expire on June 14, 2001,
 BrightStar intends to request an extension of the exception to June 28, 2001
 to facilitate compliance with the conditions to the exception.  However, there
 can be no assurance that such an extension will be granted.
    In the event the Company is deemed to have met the terms of the exception,
 it shall continue to be listed on The Nasdaq SmallCap Market.  The Company
 believes that it can meet these conditions. However, there can be no assurance
 that it will do so.  If at some future date the Company's securities should
 cease to be listed on The Nasdaq SmallCap Market, they may continue to be
 listed in the OTC-Bulletin Board.  For the duration of the exception, the
 Company's Nasdaq symbol will be "BTSRC."
 
     About BrightStar
     BrightStar Information Technology Group, Inc. is a leading provider of
 Application Team Outsourcing services for Global 2000, mid-market and public
 sector clients, including application support and hosting, custom-application
 development and integration of comprehensive enterprise and e-business
 solutions.  BrightStar helps companies achieve a competitive advantage through
 the outsourcing or implementation of leading-edge enterprise resource
 planning, supply chain management, customer relationship management, corporate
 portal, e-commerce and custom-application solutions.  BrightStar has offices
 in the San Francisco Bay Area, Dallas, Texas and Lafayette, Louisiana and can
 be reached via the company's Web site at www.brightstar.com.
 
     Cautionary Note Regarding Forward-Looking Statements
     This report includes forward-looking statements that reflect BrightStar's
 current expectations about its future results, performance, prospects and
 opportunities.  BrightStar has tried to identify these forward-looking
 statements by using words such as "believe," "expect," "anticipate," "intend,"
 "estimate" and similar expressions.  These forward-looking statements are
 subject to a number of risks, uncertainties and other factors that could cause
 BrightStar's actual results, performance, prospects or opportunities in
 2001 and beyond to differ materially from those expressed in, or implied by,
 these forward-looking statements.  These risks, uncertainties and other
 factors include, but are not limited to, the impact of the changes in the
 Company's management, the development of the marketplace for application
 outsourcing and e-business solutions and other factors affecting market
 demand, BrightStar's ability to meet its immediate and future cash needs,
 changes in business plans and financial models that may result from any
 financing or strategic transactions entered into by BrightStar, BrightStar's
 ability to manage its growth and expansion into new geographic areas and
 service lines, foreign currency exchange rate fluctuations, difficulties in
 attracting and retaining highly skilled employees, BrightStar's ability to
 accurately estimate the cost, scope and duration of fixed-price client
 engagements, BrightStar's ability to collect amounts billed for client
 engagements, risks related to possible acquisitions, competitive factors and
 possible consequences of any stockholder lawsuits against BrightStar.  For
 further information about these and other risks, uncertainties and factors,
 please review the disclosure included under the caption "Risk Factors" in
 BrightStar's Registration Statement on Form S-1 dated December 18, 2000, and
 other information filed with the Securities and Exchange Commission.
 BrightStar undertakes no obligation to update or revise any forward-looking
 statements, whether as a result of new information, future events or changed
 circumstances or for any other reason.
     NOTE:  BrightStar and the BrightStar logo are trademarks of BrightStar
 Information Technology Group, Inc.  All other company and product names may be
 trademarks of their respective owners.
 
 SOURCE  BrightStar Information Technology Group