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Letter to the Editor
Tuesday March 27
Precision Auto Care Announces Nasdaq Intent to Delist
LEESBURG, Va. -- Precision Auto Care, Inc. (PACI) has announced that they had received a letter from NASDAQ informing PACI that NASDAQ intends to delist the company. PACI's common stock has failed to maintain a minimum bid price of $1.00 over the required timeframe.
Precision Auto Care, Inc. is the world's largest franchiser of auto care centers, with over 500 operating centers as of March 26, 2001. The company franchises and operates Precision Tune Auto Care centers around the world.
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