The Knot Inc, the US-based wedding resource, yesterday said it received a Nasdaq Staff Determination on June 21, 2001 that the company failed to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(a)(5), and that its securities are, therefore, subject to delisting from The Nasdaq National Market.

Further, on March 30, 2001, the company received notification from Nasdaq that it failed to meet the minimum market value of public float requirement for continued listing also set forth in Marketplace Rule 4450(a)(2) and that the company has until June 28, 2001 to comply with this requirement.

The Knot has requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination concerning the minimum bid price requirement. According to Nasdaq procedures, the hearing date will be set, to the extent practicable, within 45 days of the request, and the company's stock will continue to trade on The Nasdaq National Market pending the panel's decision.