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IKANO News

Title: Business Digest
Date:April 28th, 2003
URL: www.sltrib.com
http://www.sltrib.com/2003/apr/04242003/business/50590.asp

Paradigm plans to fight delisting by Nasdaq Paradigm Medical Industries Inc. says it will fight a determination by the Nasdaq exchange to delist the Salt Lake City ophthalmological products maker.

Nasdaq notified Paradigm last week that it has failed to meet minimum bid price requirements.

Paradigm, which trades under the symbol PMD, has lost about 90 percent of its value in the past year. Having traded over $2 per share in April 2002, the stock closed Wednesday at 16 cents.

The company said it has requested a hearing before Nasdaq officials to review the determination.

Bob Mims Seafood packs recalled Pacific Seafood on Wednesday recalled packages of a seafood mixture because the label does not warn that imitation crab meat contains egg whites and wheat flour, which could cause life-threatening allergic reactions.

No allergic reactions or illnesses have been reported, company spokesman Craig Urness said. The packages of frozen seafood, in plastic bags, are labeled Pacific Fresh Seafood Mix. They were sold to stores in Utah, Washington, Oregon, California, Nevada, Kansas and Texas.

The Associated Press Firms on inner city list Salt Lake City-area companies Ikano Communications, Automated Teller Associates, and Mountain Land Design LLC are among the nation's 100 fastest growing inner-city companies, according to a ranking released by Initiative for a Competitive Inner City and Inc. magazine.

ICIC and Inc. created the Inner City 100 list in 1997 to highlight business opportunities that exist in the nation's inner cities. Rankings are based on revenue growth at nominated companies that have at least 51 percent of their operations in economically distressed urban areas. The Inner City 100 companies are profiled in Inc. 's May issue.

Ikano Communications ranked third, with a five-year growth rate of 3,019 percent. It provides Internet services and network infrastructure. Automated Teller Associates ranked 15. It services ATMs nationally. Mountain Land Design LLC ranked 98th. It sells appliances, plumbing fixtures and hardware. -- Kathy Gurchiek

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