Rosedale Requests Nasdaq Hearing

Apr 18, 2001, 01:00 ET from Rosedale Decorative Products Ltd.

    CONCORD, Ontario, April 18 /PRNewswire/ -- ROSEDALE DECORATIVE PRODUCTS
 LTD. (the "Company") today announced that the Company has received a Nasdaq
 Staff Determination on April 12, 2001 indicating that the Company fails to
 comply with the minimum market capitalization requirement of $1 million for
 its common stock, for continued listing set forth in Marketplace
 Rule 4815 (b), and that its securities are therefore subject to de-listing
 from the Nasdaq SmallCap Market.  The Company has requested a hearing before a
 Nasdaq Listing Qualifications Panel to review the Staff Determination.  There
 can be no assurances the Panel will grant the Company's request for continued
 listing.  If de-listed from the Nasdaq SmallCap Market the Company's
 securities would be eligible to trade on the Electronic Bulletin Board
 
 

SOURCE Rosedale Decorative Products Ltd.
    CONCORD, Ontario, April 18 /PRNewswire/ -- ROSEDALE DECORATIVE PRODUCTS
 LTD. (the "Company") today announced that the Company has received a Nasdaq
 Staff Determination on April 12, 2001 indicating that the Company fails to
 comply with the minimum market capitalization requirement of $1 million for
 its common stock, for continued listing set forth in Marketplace
 Rule 4815 (b), and that its securities are therefore subject to de-listing
 from the Nasdaq SmallCap Market.  The Company has requested a hearing before a
 Nasdaq Listing Qualifications Panel to review the Staff Determination.  There
 can be no assurances the Panel will grant the Company's request for continued
 listing.  If de-listed from the Nasdaq SmallCap Market the Company's
 securities would be eligible to trade on the Electronic Bulletin Board
 
 SOURCE  Rosedale Decorative Products Ltd.