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Published on .

(Sept. 4, 2001) -- Members of the board of directors at I-shop Organic, San Francisco, have approved a reverse stock split of the company's common stock, to be approved at a special stockholders meeting Oct. 19.

If approved, the company expects the split to be implemented by the end of October. As of the Aug. 22 board meeting, no ration had been selected for the reverse stock split.

Organic's stock closed today down 3.13% at 31 cents.

The company received a Nasdaq delisting notice in July for not maintaining a $1 minimum stock price. -- Adrienne Mand

Copyright September 2001, Crain Communications Inc.

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