ElSitio.com Receives De-listing Notice From NASDAQ.

ElSitio.com reported that it has received notification from the Nasdaq National Market that its common shares have failed to maintain a minimum bid price of $1.00 for 30 consecutive trading days as required by Nasdaq rules. El Sitio will have 90 calendar days, or until August 14, 2001, to regain compliance with Nasdaq’s continued listing requirements. El Sitio intends to seek to maintain its listing on the Nasdaq National Market.