Vaso Active to Delist

"In view of the substantial administrative and cash burdens being borne by the company at this time, the company has determined that it is in the best interest of shareholders to voluntarily cause its shares to be removed from Nasdaq so that the company can focus its attention and resources on addressing the other issues addressed in this press release," the company said.

"The company has been informed that its securities will be delisted, effective the opening of the markets on Thursday, April 8, 2004. At an appropriate time, the company will seek to cause its securities to be quoted on an exchange, Nasdaq or an automated quotation system. There can be no assurance that the company will be successful," Vaso said.

"The company urges investors not to rely on the company's existing reports filed pursuant to the Exchange Act, nor on any announcements, press releases or public statements issued by it or others relating to its financial condition, results of operations or its business or products generally, or any earnings guidance previously released by the company," Vaso added.