Media Sciences International, Inc. Receives Nasdaq Staff Deficiency Letter
18 Setembro 2009 - 5:14PM
PR Newswire (US)
OAKLAND, N.J., Sept. 18 /PRNewswire-FirstCall/ -- Media Sciences
International, Inc. (NASDAQ:MSII), the leading independent
manufacturer of solid ink and color toner cartridges for business
color printers, today announced that it received a Nasdaq Staff
Deficiency Letter on September 15, 2009 indicating that the Company
fails to comply with the minimum bid price requirements for
continued listing set forth in Nasdaq Listing Rule 5550(a)(2). The
letter gives the Company notice that the Company's bid price of its
common stock has closed under $1.00 for the last 30 business days.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020604/NYTU016LOGO )
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been
provided a grace period of 180 calendar days, or until March 15,
2010, to regain compliance. Compliance will be achieved if at
anytime during the grace period the bid price of the Company's
common stock closes at $1.00 per or more for a minimum of ten
consecutive business days, in which event the Nasdaq staff will
send the Company written confirmation of compliance and the matter
will be closed. In the event the Company does not regain compliance
prior to the expiration of the grace period, it will receive
written notification that the common stock is subject to delisting.
At that time, the Company may appeal the Nasdaq staff's
determination to delist its securities to a Hearing's Panel. The
Company may be eligible for an additional grace period if it meets
the initial listing standards, exception of bid price, for The
Nasdaq Capital Market. If it meets the initial listing criteria,
Nasdaq staff will notify the Company that it has been granted an
additional 180 calendar day compliance period. Media Sciences
International, Inc. (NASDAQ:MSII), the leading independent
manufacturer of solid ink and color toner cartridges for office
color printers, has a strong reputation for being the informed
customer's choice. As the premium quality and low price alternative
to the printer manufacturer's brand, Media Sciences' newly
manufactured color toner and solid ink products for use in Brother
, Dell , Epson , Konica Minolta(TM), OKI , Ricoh , Samsung , and
Xerox office color printers deliver up to and over 30% in savings
when compared to the printer manufacturer's brand. Behind every
Media Sciences product is The Science of Color -- the company's
proprietary process for delivering high quality products at the
very best price, including its commitment to exceptional, highly
responsive technical support, and its longstanding,
industry-leading warranty. For more information on the Company, its
products, and its programs, visit http://www.mediasciences.com/,
E-mail , or call 201.677.9311. Brand names are used for descriptive
purposes only and are the properties of their respective owners.
http://www.newscom.com/cgi-bin/prnh/20020604/NYTU016LOGO
http://photoarchive.ap.org/ DATASOURCE: Media Sciences
International, Inc. CONTACT: Investor, Kevan D. Bloomgren, Chief
Financial Officer, , +1-201-677-9311, ext. 213, Media, Bill Besold,
Marketing Communications Director, , +1-201-677-9311, ext. 299,
both of Media Sciences International, Inc. Web Site:
http://www.mediasciences.com/
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