Press Release
SOURCE: Grand Adventures Tour & Travel Publishing Corporation
March 5, 2001
AUSTIN, TX -- Grand Adventures Tour & Travel Publishing Corporation (Nasdaq: GATT), a leading provider of information
and services to niche travel markets, March 2 announced that it has received a letter from NASDAQ dated March 1,
2001 indicating that the Company did not meet NASDAQ's filing requirements set forth in Marketplace Rule 4310(c)(14).
The Company did not obtain interim reviews of its financial statements as required by amendment 310(b), under Regulation
SX.
The Company's third quarter 2000 filing was completed during the process of changing independent accountants and
the Company was not able to obtain a timely review from either the outgoing or the incoming auditors. The Company
has engaged its current independent accountant, Grant Thornton International, to review the third quarter 2000
financial statement. The Company expects to have the amended 10Q filed prior to NASDAQ's delisting deadline.
In conjunction with this letter, NASDAQ changed the Company's trading symbol to ``GATTE'', effective March 1, 2001.
Upon filing the amended 10Q, the trading symbol will revert to ``GATT''.
This press release may include statements that constitute ``forward-looking'' statements, usually 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 could cause or contribute to such differences are detailed in the Company's 10-K and other
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.
Additional information on GATT is available on the Internet at www.perx.com,
www.agentperx.com, www.weddingtrips.com
and www.destinationweddings.com
For further information, please contact:
RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or
via e-mail at info@rjfalkner.com
or
Bob Roe, CFO at 888-OWN-GATT or via e-mail at bob@perx.com
SOURCE: Grand Adventures Tour & Travel Publishing Corporation