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Friday, 05/25/2001 11:15:12 PM

Friday, May 25, 2001 11:15:12 PM

Post# of 29619
BLZN, nice flip play today--->delisting notice

Blue Zone Receives Nasdaq Staff Determination Letter

FRIDAY , MAY 25, 2001 03:35 PM

VANCOUVER, May 25, 2001 /PRNewswire via COMTEX/ -- Blue Zone, Inc. (Nasdaq: BLZN), the interactive broadcast solutions company, today announced that it has received a Staff Determination from the Nasdaq Stock Market stating that its common stock will be delisted from the Nasdaq Smallcap Market, effective on the open of business on June 6, 2001.

The Staff Determination is a result of Blue Zone's failure to meet Nasdaq's continued listing requirements pursuant to Nasdaq Marketplace Rule 4310(c)(4). In its notice to the Company, Nasdaq informed Blue Zone that it had failed to maintain a minimum bid price of at least $1.00 per share in accordance with said rule.

The Company intends to file an appeal and request a hearing before the Nasdaq Listing Qualifications Panel to review the Staff Determination and to present the Company's plan to regain compliance for continued listing. Until the Panel reaches its decision, Blue Zone's common stock will remain listed and will continue to trade on the NASDAQ Smallcap Market. There can be no assurance that the Panel will grant the Company's request for continued listing. In the event the Panel determines to delist the Company's common stock, the Company's common stock may continue to trade on the OTC Bulletin Board's electronic quotation system.

About Blue Zone

Blue Zone makes you interactive. A global leader, Blue Zone has delivered solutions for convergence, interactivity and content management for more than ten years. The company's MediaBZ(TM) software is the definitive content management and convergence publishing solution, enabling you to create, manage and cross-publish interactive content to multiple platforms from a Web-based interface. Blue Zone's clients - including Canada's number one news organization CTV - use MediaBZ to unite and enhance video, audio, Web and print content, together with interactive advertising and e-commerce. With MediaBZ, content is published simultaneously to traditional television, interactive television, the Web, personal digital assistants, cell phones and other WAP-enabled devices. Convergence is here.(TM) www.bluezone.net

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

SOURCE Blue Zone, Inc.



CONTACT: Corporate and Investor Information, Blue Zone, Inc., Jeremy
Black, 604-685-4310 ext. 143, info@bluezone.net, www.bluezone.net
(BLZN)

http://www.prnewswire.com





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