National Lampoon, Inc. (NYSE Alternext US: NLN), the most widely
recognized brand in comedy, today announced its decision to voluntarily
delist its common stock, par value $0.0001 per share, from NYSE
Alternext US LLC (the “Exchange”). This decision was based on the
determination that it is unlikely that the Company will be able to
comply with the Exchange’s listing requirements as they relate to the
Company’s financial condition and operating results and the market value
of the Company’s common stock. It is the Company’s intention to have its
common stock quoted on the Over-the-Counter Bulletin Board once the
delisting of its common stock from the Exchange has been completed,
although it has not yet arranged to do so.
About National Lampoon
National Lampoon, Inc. (NYSE Alternext US: NLN) has been a dominant
force in the US comedy world for almost 40 years, and is currently
active in a broad array of media and entertainment segments. These
include feature films, television programming, online and interactive
entertainment, home video, audio, and book publishing. The Company also
owns interests in all major National Lampoon properties, including National
Lampoon’s Animal House, the National Lampoon Vacation series
and National Lampoon’s Van Wilder. National Lampoon reaches
nearly one in four of all 18 to 24 year old college students in America
today. The Company has three core operating divisions: National Lampoon
Films, which includes production along with theatrical and video
distribution of feature films; College Marketing Division; and National
Lampoon Networks, providing humor content through a number of platforms.
These include its National Lampoon College TV network, the National
Lampoon Humor Network - the most trafficked humor sites on the web, Toga
TV.com - the company’s broadband channel, the Drunk University Network,
the new ZAZ Network, and the National Lampoon Video Network, which
includes channels on YouTube, AOL, Yahoo, Joost, and a number of digital
video platforms across the Internet. These are all anchored by the award
winning comedy website www.nationallampoon.com.
National Lampoon, Inc.
Timothy S. Durham, 310-474-5252
