Sel-Leb Marketing, Inc. Announces Receipt of Notice From Nasdaq Concerning Form 10-KSB for the Period Ended December 31, 2000

Apr 30, 2001, 01:00 ET from Sel-Lab Marketing, Inc.

    PATERSON, N.J., April 30 /PRNewswire/ --
 Sel-Leb Marketing, Inc. (Nasdaq: SELBE), today announced that it received a
 Nasdaq Staff Determination letter on April 25, 2001, notifying the Company
 that, because it has not filed its Form 10-KSB for the period ended December
 31, 2000 as required by Nasdaq Marketplace Rules 4310(c)(14), the Company's
 securities are subject to delisting from the Nasdaq Small Cap Market.  The
 Company has requested a hearing before the Nasdaq Listing Qualifications Panel
 to review the Staff Determination.  There can be no assurance that the Panel
 will grant the Company's request for continued listing.
     Mr. Hal Markowitz, Chairman of the Board, stated "Unfortunately, the
 unexpected simultaneous illness of our two top financial officers left us
 temporarily understaffed and slowed down our normal year end internal audit
 process.  We remedied the situation and expect to file our annual report by
 May 11, 2001.  We consider the maintenance of our Nasdaq listing to be of key
 importance and intend to take the appropriate measures to ensure that we
 maintain it."
 
     Sel-Leb is a company primarily engaged in the distribution and marketing
 of consumer products through mass merchandisers, discount chain stores and
 food, drug and electronic retailers.
 
     The statements in this press release that are not historical facts may be
 "forward-looking statements" that relate to plans for future activities or
 performance of the Company.  These statements are only predictions and actual
 events or results may differ materially and involve risks and uncertainties
 which are detailed in the Company's reports filed from time to time with the
 Securities and Exchange Commission, including the Company's most recent Annual
 Report on Form 10-KSB and Quarterly Report on Form 10-QSB.
 
     The Company's headquarters are located at 495 River Street, Paterson, New
 Jersey 07524.
 
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SOURCE Sel-Lab Marketing, Inc.
    PATERSON, N.J., April 30 /PRNewswire/ --
 Sel-Leb Marketing, Inc. (Nasdaq: SELBE), today announced that it received a
 Nasdaq Staff Determination letter on April 25, 2001, notifying the Company
 that, because it has not filed its Form 10-KSB for the period ended December
 31, 2000 as required by Nasdaq Marketplace Rules 4310(c)(14), the Company's
 securities are subject to delisting from the Nasdaq Small Cap Market.  The
 Company has requested a hearing before the Nasdaq Listing Qualifications Panel
 to review the Staff Determination.  There can be no assurance that the Panel
 will grant the Company's request for continued listing.
     Mr. Hal Markowitz, Chairman of the Board, stated "Unfortunately, the
 unexpected simultaneous illness of our two top financial officers left us
 temporarily understaffed and slowed down our normal year end internal audit
 process.  We remedied the situation and expect to file our annual report by
 May 11, 2001.  We consider the maintenance of our Nasdaq listing to be of key
 importance and intend to take the appropriate measures to ensure that we
 maintain it."
 
     Sel-Leb is a company primarily engaged in the distribution and marketing
 of consumer products through mass merchandisers, discount chain stores and
 food, drug and electronic retailers.
 
     The statements in this press release that are not historical facts may be
 "forward-looking statements" that relate to plans for future activities or
 performance of the Company.  These statements are only predictions and actual
 events or results may differ materially and involve risks and uncertainties
 which are detailed in the Company's reports filed from time to time with the
 Securities and Exchange Commission, including the Company's most recent Annual
 Report on Form 10-KSB and Quarterly Report on Form 10-QSB.
 
     The Company's headquarters are located at 495 River Street, Paterson, New
 Jersey 07524.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X32669534
 
 SOURCE  Sel-Lab Marketing, Inc.