**EXHIBIT99.1**

 
| ****                                                                                                                |   | **News**                                                                             |
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|                                                                                                                |   | **HyperFeed Technologies, Inc.**300 South Wacker Drive, Suite 300  Chicago, IL 60606 |
| **Primary Contacts:**Mary Jane  Mortell  HyperFeed Corporate Communications  (312) 322-3599  mmortell@hyperfeed.com |   |                                                                                 |

 

 

#### **HYPERFEED TO APPEAL NASDAQ DETERMINATION**

 

# **CHICAGO, May 14, 2003 — HyperFeed Technologies, Inc.(Nasdaq: HYPR**), a provider of managed services, financial information and ticker planttechnologies to financial institutions, exchanges, value-added distributors andtrading professionals announces that it has receivednotification from The Nasdaq Stock Market that it is out of compliance with TheNasdaq SmallCap Market’s minimum bid price requirement of $1.00 per share asset forth in Marketplace Rule 4310(c)(4) and that it is not in compliance withcertain other listing requirements set forth in Nasdaq Marketplace Rule4310(c)(2)(B).

# ** **

# **Nasdaqhas informed HyperFeed that if it did not appeal the Staff’s decision, itscommon stock would be de-listed from the Nasdaq SmallCap Market on May 22,2003.  However, HyperFeed has requesteda hearing with the Nasdaq Listing Qualifications Panel, and it intends topresent a plan through which it expects to regain full compliance with theNasdaq continued listing standards.  Thecommon stock will remain listed on The Nasdaq SmallCap Market at least untilthe Qualifications Panel has issued a written determination.**

 

**AboutHyperFeed Technologies, Inc.**

 

HyperFeed’s tickerplant technology and financial exchange managed services are designedspecifically to support the delivery of real-time data, data management, datareporting, and value added services for use in distributing and receivingfinancial content with a competitive edge. Beginning with a comprehensiveunderstanding of the diverse needs of the financial equities industry, theCompany applies advanced technologies to the processing, delivery, distributionand access to financial market data. HyperFeed® offers one of the fastest, mostcomplete and reliable managed exchange platform services that can be used withindustry-leading APIs, third-party applications or online desktop solutions.

 

For moreinformation, please visit HyperFeed’s web site at www.hyperfeed.com.

 

# **Safe Harbor Disclosure**

 

The statements made herein that are not historical in nature are intendedto be and are identified as “forward looking statements” within the meaning ofthe “safe harbor” provisions of the Private Securities Litigation Reform Act of1995, particularly in reference to statements regarding our expectations, plansand objectives.  Forward-lookingstatements may be impacted by a number of factors, risks and uncertainties thatcould cause actual results to differ materially from those described in theforward-looking statements.  Our filingswith the Securities and Exchange Commission identify factors that could causematerial differences.  Among thesefactors are our ability to: i) fund our current and future business strategieseither through continuing operations or external financing; ii) successfullyattract, retain and integrate key employees; iii) compete successfully againstcompetitive products and services; iv) maintain relationships with keysuppliers and providers of market data; v) maintain our existing customer basewhile diversifying the Company’s presence in the financial institutionalmarketplace; vi) develop, complete and introduce new product and serviceinitiatives in a timely manner and at competitive price and performance levels;vii) manage the timing of the development and introduction of new products orenhanced versions of existing products; viii) gain the market’s acceptance ofnew products; ix) respond to the effect of economic and business conditionsgenerally.  The Company cautions readersthat forward-looking statements, including and without limitation, thoserelating to the Company’s future business prospects, revenues, working capital,liquidity, income and margin are subject to certain risks and uncertaintiesthat could cause actual results to differ materially from those indicated bythe forward-looking statements due to any number of risk factors.

 

 

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