Having revealed that its losses had widened in its FY 2009 earlier this month, 4Kids Entertainment has been notified by NYSE Regulation that it is not in compliance with one of the continued listing standards of the New York Stock Exchange.

4Kids is considered below criteria for the continued listing standards because over a 30 trading-day period its total market capitalisation was less than $50 million, and its most recently reported stockholders' equity was $35.1 million, below the minimum threshold of $50 million.

The NYSE has informed 4Kids that it is prepared to proceed with its normal business plan procedures, and 4Kids intends to submit a plan to the NYSE within the required 45-day period, demonstrating how it plans to comply with the NYSE's continued listing standards.

If, over a 30-day trading period, 4Kids' average market capitalisation falls below the $15 million minimum threshold, the plan and cure process otherwise available under NYSE rules would be pre-empted and suspension and delisting procedures would be initiated.

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