VUANCE Issues Update Regarding Notification of Non-Compliance With Nasdaq's Continued Listing Requirements
26 Março 2009 - 5:01PM
PR Newswire (US)
FRANKLIN, Wis., March 26 /PRNewswire-FirstCall/ -- VUANCE, Ltd.
(NASDAQ: VUNC), a leading provider of innovative Radio Frequency
Verification Solutions, including active RFID, electronic access
control, credentialing, accountability and incident response
management, today announced that further to the Company's press
release issued on December 16, 2008, it did not meet certain
conditions by March 26, 2009 set by the Nasdaq Stock Market, Inc.
("Nasdaq") pursuant to the continued listing requirements set forth
in Marketplace Rule 4310(c)(3), and as such, the Company expects
that delisting proceedings may be commenced. Following such
proceedings, trading of the Company's common stock may be suspended
and Nasdaq may remove the Company's securities from listing and
registration on the Nasdaq Capital Market. The Company believes
that it may achieve the conditions set by Nasdaq for continued
listing within the short term and has requested additional time to
achieve compliance. In the event an extension is not granted, and
if delisting proceedings are commenced, the Company will have the
opportunity to appeal Nasdaq's decision to delist the Company's
securities to a Nasdaq Listing Qualifications Panel. About VUANCE
Ltd. VUANCE Ltd. develops and markets state-of-the-art security
solutions for viewing, tracking, locating, credentialing, and
managing essential assets and personnel. VUANCE solutions encompass
electronic access control, urban security, and critical situation
management systems as well as long-range Active RFID for public
safety, commercial, and government sectors. The Company's
comprehensive range of products enable our business partners to
offer their customers end-to-end solutions that can overcome the
most difficult security challenges. Its Incident Response
Management System (IRMS) is the industry's most comprehensive
mobile credentialing and access control system, designed to meet
the needs of Homeland Security and other public initiatives. VUANCE
is serious about security. VUANCE Ltd. is headquartered in
Rockville, MD. Its common stock is listed on the NASDAQ Capital
Market under the symbol "VUNC". For more information, visit
http://www.vuance.com/. Safe Harbor This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are
subject to known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Statements preceded or followed by or that otherwise
include the words "believes," "expects," "anticipates," "intends,"
"projects," "estimates," "plans," and similar expressions or future
or conditional verbs such as "will", "should", "would", "may" and
"could" are generally forward-looking in nature and not historical
facts. Forward-looking statements in this release also include
statements about business and economic trends. Investors should
also consider the areas of risk described under the heading
"Forward Looking Statements" and those factors captioned as "Risk
Factors" in the Company's periodic reports under the Securities
Exchange Act of 1934, as amended, or in connection with any
forward-looking statements that may be made by the Company. The
Company also disclaims any duty to comment upon or correct
information that may be contained in reports published by the
investment community. Investor/Media Contact Hayden IR Brett Maas,
646-536-7331 DATASOURCE: VUANCE, Ltd. CONTACT: Investors/Media,
Brett Maas of Hayden IR, +1-646-536-7331, , for VUANCE Ltd. Web
Site: http://www.vuance.com/
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