TEMTEX INDUSTRIES Common Stock to Be Delisted From The Nasdaq SmallCap Market

Apr 19, 2001, 01:00 ET from TEMTEX INDUSTRIES, INC.

    DALLAS, April 19 /PRNewswire/ -- TEMTEX INDUSTRIES, INC. (Nasdaq:   TMTX),
 which manufactures woodburning and gas fireplaces and related products, today
 announced that Nasdaq intends to delist its common stock from The Nasdaq Stock
 Market.
     The Company stated today that it received a Nasdaq staff determination on
 April 17, 2001, that its securities are subject to delisting with the Nasdaq
 SmallCap Market for failure to comply with the minimum bid maintenance
 requirements under Marketplace Rules 4310(c)(8)(B) and 4310(c)(4).  The
 Company was given until April 24, 2001 to request a hearing to appeal the
 staff determination and was notified that its securities would be delisted at
 the opening of business on April 25, 2001, unless an appeal is requested.  The
 Company further stated that it will not appeal the staff determination and,
 therefore, that its stock will be delisted from the Nasdaq SmallCap Market on
 April 25, 2001.
     Following the delisting with The Nasdaq SmallCap Market, the Company
 intends for its stock to be traded via the OTC Bulletin Board(R) (OTC BB).
 The delisting of the Company's stock on the Nasdaq SmallCap Market will likely
 adversely affect the ability or willingness of investors to purchase the
 Company's stock.  In addition, the market liquidity of the Company's
 securities is likely to be adversely affected.
 
     This press release includes statements that may constitute "forward-
 looking" statements, including statements regarding the ability of our stock
 to be traded via the OTC BB, as well as statements containing the words
 "believe," "estimate," "project," "expect" or similar expressions.  These
 statements are made pursuant to the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  Forward-looking statements
 inherently involve risks and uncertainties that could cause actual results to
 differ materially from the forward-looking statements.  Factors that would
 cause or contribute to such differences include, but are not limited to,
 continued acceptance of the Company's products in the marketplace, competitive
 factors, new products and technological changes, product prices and raw
 material costs, dependence upon third-party vendors, and other risks detailed
 in the Company's periodic report filings with the Securities and Exchange
 Commission.  By making these forward-looking statements, the Company
 undertakes no obligation to update these statements for revisions or changes
 after the date of this release.
 
                    For further information, please contact:
                        Ed Buford, CEO at (972) 726-7175
                                       or
  RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or
                        via e-mail at info@rjfalkner.com
 
 

SOURCE TEMTEX INDUSTRIES, INC.
    DALLAS, April 19 /PRNewswire/ -- TEMTEX INDUSTRIES, INC. (Nasdaq:   TMTX),
 which manufactures woodburning and gas fireplaces and related products, today
 announced that Nasdaq intends to delist its common stock from The Nasdaq Stock
 Market.
     The Company stated today that it received a Nasdaq staff determination on
 April 17, 2001, that its securities are subject to delisting with the Nasdaq
 SmallCap Market for failure to comply with the minimum bid maintenance
 requirements under Marketplace Rules 4310(c)(8)(B) and 4310(c)(4).  The
 Company was given until April 24, 2001 to request a hearing to appeal the
 staff determination and was notified that its securities would be delisted at
 the opening of business on April 25, 2001, unless an appeal is requested.  The
 Company further stated that it will not appeal the staff determination and,
 therefore, that its stock will be delisted from the Nasdaq SmallCap Market on
 April 25, 2001.
     Following the delisting with The Nasdaq SmallCap Market, the Company
 intends for its stock to be traded via the OTC Bulletin Board(R) (OTC BB).
 The delisting of the Company's stock on the Nasdaq SmallCap Market will likely
 adversely affect the ability or willingness of investors to purchase the
 Company's stock.  In addition, the market liquidity of the Company's
 securities is likely to be adversely affected.
 
     This press release includes statements that may constitute "forward-
 looking" statements, including statements regarding the ability of our stock
 to be traded via the OTC BB, as well as statements containing the words
 "believe," "estimate," "project," "expect" or similar expressions.  These
 statements are made pursuant to the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  Forward-looking statements
 inherently involve risks and uncertainties that could cause actual results to
 differ materially from the forward-looking statements.  Factors that would
 cause or contribute to such differences include, but are not limited to,
 continued acceptance of the Company's products in the marketplace, competitive
 factors, new products and technological changes, product prices and raw
 material costs, dependence upon third-party vendors, and other risks detailed
 in the Company's periodic report filings with the Securities and Exchange
 Commission.  By making these forward-looking statements, the Company
 undertakes no obligation to update these statements for revisions or changes
 after the date of this release.
 
                    For further information, please contact:
                        Ed Buford, CEO at (972) 726-7175
                                       or
  RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or
                        via e-mail at info@rjfalkner.com
 
 SOURCE  TEMTEX INDUSTRIES, INC.