SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 2001
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Sel-Leb Marketing, Inc.
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(Exact name of registrant as specified in its charter)
New York 1-13856 11-3180295
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
495 River Street, Paterson, New Jersey 07524
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(Address of principal executive offices) (zip code)
Registrant's Telephone Number, including Area Code: (973) 225-9880
N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On April 30, 2001, Sel-Leb Marketing, Inc. (the "Company") issued a
press release announcing the potential delisting of the Company's securities
from Nasdaq. The press release is attached hereto as Exhibit 99.1
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press Release issued by Sel-Leb Marketing, Inc. on
April 30, 2001.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
SEL-LEB MARKETING, INC.
(Registrant)
Dated: April 30, 2001 By: /s/ Jack Koegel
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Name: Jack Koegel
Title: Vice Chairman
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Exhibit 99.1
SEL-LEB MARKETING, INC. ANNOUNCES RECEIPT
OF NOTICE FROM NASDAQ CONCERNING FORM 10-KSB
FOR THE PERIOD ENDED DECEMBER 31, 2000
PATERSON, NJ, APRIL 30, 2001 - Sel-Leb Marketing, Inc. (Nasdaq: SELBE), today
announced that it received a Nasdaq Staff Determination letter on April 25,
2001, notifying the Company that, because it has not filed its Form 10-KSB for
the period ended December 31, 2000 as required by Nasdaq Marketplace Rules
4310(c)(14), the Company's securities are subject to delisting from the Nasdaq
Small Cap Market. The Company has requested a hearing before the Nasdaq Listing
Qualifications Panel to review the Staff Determination. There can be no
assurance that the Panel will grant the Company's request for continued listing.
Mr. Hal Markowitz, Chairman of the Board, stated "Unfortunately, the unexpected
simultaneous illness of our two top financial officers left us temporarily
understaffed and slowed down our normal year end internal audit process. We
remedied the situation and expect to file our annual report by May 11, 2001. We
consider the maintenance of our Nasdaq listing to be of key importance and
intend to take the appropriate measures to ensure that we maintain it."
Sel-Leb is a company primarily engaged in the distribution and marketing of
consumer products through mass merchandisers, discount chain stores and food,
drug and electronic retailers.
The statements in this press release that are not historical facts may be
"forward-looking statements" that relate to plans for future activities or
performance of the Company. These statements are only predictions and actual
events or results may differ materially and involve risks and uncertainties
which are detailed in the Company's reports filed from time to time with the
Securities and Exchange Commission, including the Company's most recent Annual
Report on Form 10-KSB and Quarterly Report on Form 10-QSB.
The Company's headquarters are located at 495 River Street, Paterson, New Jersey
07524.
Contact: Harold Markowitz, Chairman of the Board of Sel-Leb Marketing, Inc.
Telephone: 973-225-9880.
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