EX-99.1 2 exh991form8klic11805sspndtrd.txt EXH991FORM8KLIC11805SSPNDTRD Microsoft Word 11.0.6502; LYNCH INTERACTIVE CORPORATION Press Release For Immediate Release LYNCH INTERACTIVE CORPORATION ANNOUNCES TRADING IN LYNCH SHARES TO BE SUSPENDED ON AMEX AFTER REVERSE STOCK SPLIT, WILL TRADE IN PINK SHEETS RYE, New York, November 7, 2005 - Lynch Interactive Corporation (AMEX:LIC) today announced that, in keeping with its policies, the American Stock Exchange (the "AMEX")expects to suspend trading in Lynch Interactive's shares upon the effectiveness of its one-for-one hundred reverse stock split on Thursday, November 10, 2005. The reverse stock split is the first step in the Company's plan to voluntarily delist from the AMEX and deregister its shares under the Securities Exchange Act of 1934. The company also confirmed that it had been in touch with Pink Sheets(R) LLC (website: www.pinksheets.com), which publishes the well known on-line stock quotation service, and understands that its stock will be traded on the Pink Sheets(R) following the suspension. The company reiterated that stockholders holding less than 100 pre-split shares would be cashed out as described in its earlier public announcements. Transmittal letters and instructions for surrendering share certificates will be mailed by the company's transfer agent beginning shortly after the effectiveness of the reverse split. * * * * * * Contact: John A. Cole Vice President, Corporate Development, General Counsel and Secretary 914/921-8821 Release: 05-15