TeraGlobal Communications Announces Intent to Appeal Nasdaq Determination; TeraGlobal to File Appeal to Nasdaq Listing Qualifications Panel

Apr 20, 2001, 01:00 ET from TeraGlobal Communications Corp.

    SAN DIEGO, April 20 /PRNewswire Interactive News Release/ --
 TeraGlobal Communications Corp. (Nasdaq:   TGCC), a leader in advanced
 networking software for converged voice, video, and data communications, today
 announced it will file an appeal in connection with the Nasdaq staff's recent
 initial determination that TeraGlobal's stock has failed to meet the
 requirements for continued listing on the National Market.
     On April 17, 2001 TeraGlobal received notification from Nasdaq that the
 company does not currently meet the net tangible asset requirement for
 continued listing on the Nasdaq National Market, and that the company's stock
 has not maintained the minimum bid price as set forth in Nasdaq Marketplace
 Rules 4450(a)(5) and 4310(c)(8)(B).
     The notice of non-compliance subjects TeraGlobal to delisting from the
 Nasdaq National Market.  TeraGlobal, however, is appealing the staff's
 determination, and has requested an oral hearing before a Nasdaq Listing
 Qualifications Panel to review the determination.  In the event that the
 company's shares are delisted from the National Market, the company will seek
 to have them traded on the Nasdaq Small Cap market provided the company meets
 the Small Cap listing requirements.
     No hearing date has been set by Nasdaq for the appeal.  TeraGlobal's stock
 will continue to trade on the Nasdaq National Market pending the outcome of
 the appeal.
 
     About TeraGlobal Communications(R)
     TeraGlobal Communications Corp. enables truly integrated real-time digital
 communications through advanced networking software.  TeraGlobal's
 patent-pending network technology and software solutions provides one of the
 networking industry's first guaranteed Quality of Service or Class of Service
 for delivering simultaneous voice, video and data on integrated broadband
 networks.  TeraGlobal's flagship software product, TeraMedia, is the first
 solution incorporating TeraGlobal's network technology.  TeraMedia is a next
 generation software product suite that enables real-time interactive delivery
 of voice, video and data between multiple points simultaneously across any IP
 or ATM broadband network.  Founded in 1998, TeraGlobal is headquartered in San
 Diego with development offices in Logan, Utah.  Additional information is
 available at http://www.teraglobal.com or by sending an email inquiry to
 info@teraglobal.com.
     TeraGlobal and TeraMedia are registered trademarks of TeraGlobal
 Communications Corp.  Other trademarks are properties of their respective
 owners.
 
     Certain matters discussed in this press release may contain
 forward-looking statements that may involve risk and uncertainties, including
 but not limited to, product availability and delivery dates, market acceptance
 of products and services, as well as other factors detailed in the Company's
 filings with the Securities and Exchange Commission.
 
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SOURCE TeraGlobal Communications Corp.
    SAN DIEGO, April 20 /PRNewswire Interactive News Release/ --
 TeraGlobal Communications Corp. (Nasdaq:   TGCC), a leader in advanced
 networking software for converged voice, video, and data communications, today
 announced it will file an appeal in connection with the Nasdaq staff's recent
 initial determination that TeraGlobal's stock has failed to meet the
 requirements for continued listing on the National Market.
     On April 17, 2001 TeraGlobal received notification from Nasdaq that the
 company does not currently meet the net tangible asset requirement for
 continued listing on the Nasdaq National Market, and that the company's stock
 has not maintained the minimum bid price as set forth in Nasdaq Marketplace
 Rules 4450(a)(5) and 4310(c)(8)(B).
     The notice of non-compliance subjects TeraGlobal to delisting from the
 Nasdaq National Market.  TeraGlobal, however, is appealing the staff's
 determination, and has requested an oral hearing before a Nasdaq Listing
 Qualifications Panel to review the determination.  In the event that the
 company's shares are delisted from the National Market, the company will seek
 to have them traded on the Nasdaq Small Cap market provided the company meets
 the Small Cap listing requirements.
     No hearing date has been set by Nasdaq for the appeal.  TeraGlobal's stock
 will continue to trade on the Nasdaq National Market pending the outcome of
 the appeal.
 
     About TeraGlobal Communications(R)
     TeraGlobal Communications Corp. enables truly integrated real-time digital
 communications through advanced networking software.  TeraGlobal's
 patent-pending network technology and software solutions provides one of the
 networking industry's first guaranteed Quality of Service or Class of Service
 for delivering simultaneous voice, video and data on integrated broadband
 networks.  TeraGlobal's flagship software product, TeraMedia, is the first
 solution incorporating TeraGlobal's network technology.  TeraMedia is a next
 generation software product suite that enables real-time interactive delivery
 of voice, video and data between multiple points simultaneously across any IP
 or ATM broadband network.  Founded in 1998, TeraGlobal is headquartered in San
 Diego with development offices in Logan, Utah.  Additional information is
 available at http://www.teraglobal.com or by sending an email inquiry to
 info@teraglobal.com.
     TeraGlobal and TeraMedia are registered trademarks of TeraGlobal
 Communications Corp.  Other trademarks are properties of their respective
 owners.
 
     Certain matters discussed in this press release may contain
 forward-looking statements that may involve risk and uncertainties, including
 but not limited to, product availability and delivery dates, market acceptance
 of products and services, as well as other factors detailed in the Company's
 filings with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X77475373
 
 SOURCE  TeraGlobal Communications Corp.