Dover Motorsports, Inc. (NYSE:DVD) today announced receipt of notice
that the New York Stock Exchange (“NYSE”) accepted the Company’s plan
for continued listing. As a result, the Company’s common stock will
continue to be listed on the NYSE, subject to quarterly reviews by the
NYSE’s Listing and Compliance Committee to ensure the Company’s progress
toward its plan to restore compliance with continued listing standards.
On February 20, 2009, the Company announced that it was below continued
listing criteria because its average market capitalization over a
consecutive 30 trading-day period and total stockholders’ equity were
each below the $75 million required.
Dover Motorsports, Inc. (NYSE:DVD) is a leading promoter of
motorsports events in the United States. DVD subsidiaries operate four
tracks in three states, and present more than 400 motorsports events
each year. This includes 14 major, national events which include races
sanctioned by NASCAR and NHRA. Dover Motorsports, Inc. owns and operates
Dover International Speedway in Dover, Del., Gateway International
Raceway near St. Louis, Mo., Memphis Motorsports Park in Memphis, Tenn.,
and Nashville Superspeedway near Nashville, Tenn. For further
information log on to www.DoverMotorsports.com.
This release may contain forward-looking statements based on
management’s beliefs and assumptions. Such statements are subject to
various risks and uncertainties that could cause results to vary
materially. Please refer to the SEC filings of DVD for a discussion of
such factors.
Dover Motorsports, Inc.
Timothy R. Horne
Sr. Vice
President-Finance
302-857-3292
