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BRIEFLY

September 17, 1987

Aca Joe announced that as of Aug. 1, it had a negative net worth of $437,444, which is below the minimum requirements for listing on the NASDAQ system. The San Francisco-based clothing company said that it will request permission to remain on the NASDAQ national market system pending an infusion of $3 million in equity investment by CB Sports Inc. Aca Joe said that even if its securities cease to be quoted on NASDAQ, they would continue to be quoted in the over-the-counter market.

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