Mace Security International, Inc. is Notified of Non-Compliance with Nasdaq $1.00 Minimum Bid Rule
15 Outubro 2009 - 11:58AM
Business Wire
Mace Security International, Inc. ("Mace" or the “Company”)
(Nasdaq Global: MACE) announced that it received a letter on
October 9, 2009 from the Nasdaq Listing Qualifications Department
stating the Company was not in compliance with Nasdaq Listing Rule
5450(a)(1) because, for the period August 27, 2009 through October
8, 2009, the Company’s closing bid price was less than $1.00 per
share. On September 15, 2009 the closing bid price of the Company’s
stock was $.998 and on most days during the August 27, 2009 through
October 8, 2009 period, the Company’s closing bid price was $.95 or
more.
The non-compliance with Nasdaq Listing Rule 5450(a)(1) makes the
Company’s common stock subject to being delisted from The Nasdaq
Stock Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
the Company has a grace period of 180 calendar days expiring on
April 7, 2010 to regain compliance. Compliance will be regained, if
during the 180 day period expiring on April 7, 2010, for a period
of ten consecutive business days the closing bid price of the
Company’s common stock is at $1.00 per share or higher. Under
Nasdaq Listing Rule 5810(c)(3)(F), the Nasdaq Listing
Qualifications Department may, in its discretion, require the
Company to maintain a closing bid price of at least $1.00 per share
for a period in excess of ten consecutive business days, but
generally not more than 20 consecutive business days.
Until the Company is in compliance with the closing bid price
rule, an indicator will be displayed with the quotation information
related to the Company’s securities on NASDAQ.com and
NASDAQTrader.com.
About Mace
Mace Security International, Inc. is a manufacturer of personal
defense and electronic surveillance products marketed under the
famous brand name, Mace®, and is an owner and operator of a
wholesale central monitoring station. The Company also operates a
Digital Media Marketing and e-commerce business. In addition, Mace
owns and operates eleven car washes, and has previously announced
that it is exiting this segment of its business. Mace’s web site is
www.mace.com.
Certain statements and information included in this press
release constitute “forward-looking statements” within the meaning
of the Federal Private Securities Litigation Reform Act of 1995.
When used in this press release, the words or phrases “will likely
result”, “are expected to”, “will continue”, “is anticipated”,
“estimate”, “projected”, “intend to” or similar expressions are
intended to identify “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to certain risks, known and unknown,
and uncertainties, including but not limited to economic
conditions, dependence on management, our ability to compete with
competitors, dilution to shareholders, and limited capital
resources. A discussion of factors that could materially adversely
affect the Company’s financial performance and cause actual results
for future periods to differ materially from the statements
expressed within this press release, and management's opinions
projections, forecasts, estimates and expectations are contained
under the heading “Risk Factors” in Mace’s SEC filings, including
its registration statements and its periodic reports on Form 10-K
and Form 10-Q. This press release should also be read in
conjunction with the financial statements and notes contained in
Mace’s annual reports on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K.
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