Thomas Group, Inc. Receives NASDAQ Notice of Non-compliance
22 Março 2010 - 10:55AM
Business Wire
Thomas Group, Inc. (NasdaqCM: TGIS), an operations and process
improvement firm, today announced that, on March 16, 2010, the
Company was notified by the NASDAQ Staff that it does not comply
with the minimum $1.00 bid price requirement set forth in Listing
Rule 5550(a)(2) (the “Rule”). As a result, the Company’s common
stock is subject to delisting from The NASDAQ Stock Market unless
the Company requests a hearing before a NASDAQ Listing
Qualifications Panel (the “Panel”).
Thomas Group intends to timely request a hearing before a Panel,
which will automatically stay the delisting of the Company’s common
stock pending the issuance of the Panel’s decision after a hearing.
Under NASDAQ’s Listing Rules, the Panel may, in its discretion,
determine to continue the Company’s listing pursuant to an
exception to the Rule for a maximum of 180 calendar days from the
date of the Staff’s notification or through September 13, 2010.
However, there can be no assurances that the Panel will do so.
About Thomas Group
Thomas Group, Inc. (NasdaqCM: TGIS) is an international,
publicly-traded professional services firm specializing in
operational improvements. Thomas Group's unique brand of process
improvement and performance management services enable businesses
to enhance operations, improve productivity and quality, reduce
costs, generate cash and drive higher profitability. Known for
Breakthrough Process Performance, Thomas Group creates and
implements customized improvement strategies for sustained
performance improvements in all facets of the business enterprise.
Thomas Group has offices in Dallas and Detroit. For more
information, please visit www.thomasgroup.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act:
Any statements in this release that are not strictly historical
statements, including statements about our beliefs and
expectations, are “forward-looking statements” within the meaning
of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by these statements, including
general economic and business conditions that may impact clients
and our revenues, timing and awarding of customer contracts,
revenue recognition, competition and cost factors as well as other
factors detailed from time to time in our filings with the
Securities and Exchange Commission, including our Form 10-K for the
year ended December 31, 2008 and our Form 10-Q for the quarter
ended September 30, 2009. These forward-looking statements may be
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only as of the date of this release. Except as required by law, we
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