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Time-share operator delisted

Tuesday, July 1, 2003 | 11:14 a.m.

Mego Financial Corp. of Las Vegas, doing business as Leisure Industries Corporation of America, Monday announced that a Nasdaq Listing Qualifications Panel determined to delist the company's securities from the Nasdaq National Market effective with the open of business today.

The panel also notified the firm, which has previously disclosed serious financial problems, that its shares of common stock will be not be immediately eligible for quotation on the OTC Bulletin Board.

However, Leisure Industries said that according to Nasdaq its shares may become eligible if a market maker makes application to register in and quote the security in accordance with Securities and Exchange Commission rules.

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