Copernic Inc. Receives NASDAQ Notice
2008年6月18日 - 5:05AM
Marketwired
MONTREAL, CANADA , (NASDAQ: CNIC), a leading software
development company specializing in internet, desktop and mobile
search products, announced that it received on June 16, 2008 a
notice from NASDAQ Listing Qualifications.
The notice stated that for the last 30 consecutive business
days, the bid price of the Company's common stock has closed below
the minimum $1.00 per share requirement for continued inclusion
under Marketplace Rule 4310(c)(4) (the "Rule"). Therefore, in
accordance with Marketplace Rule 4310(c)(8)(D), the Company will be
provided 180 calendar days, or until December 15, 2008 to regain
compliance. If, at anytime before December 15, 2008, the bid price
of the Company's common stock closes at $1.00 per share or more for
a minimum of 10 consecutive business days, NASDAQ Staff will
provide written notification that it complies with the Rule.
If compliance with this Rule cannot be demonstrated by December
15, 2008, NASDAQ Staff will determine whether the Company meets The
NASDAQ Capital Market initial listing criteria as set forth in
Marketplace Rule 4310(c), except for the bid price requirement. 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.
If the Company is not eligible for an additional compliance
period, NASDAQ Staff will provide written notification that the
Company's securities will be delisted. At that time, the Company
may appeal NASDAQ Staff's determination to delist its securities to
a Listing Qualifications Panel (the "Panel").
In addition, an indicator will be broadcast over NASDAQ's market
data dissemination network noting the Company's non-compliance. The
indicator will be displayed with quotation information related to
the Company's securities on Nasdaq.com, NasdaqTrader.com and by
other third-party providers of market data information. Also, a
list of all non-compliant NASDAQ companies and the reason(s) for
such non-compliance is posted on NASDAQ's website at
www.nasdaq.com. The Company will be included in this list
commencing five business days from the date of this letter.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling
cutting-edge search technology, providing innovative home and
business software products and solutions for desktop, web and
mobile users, through its online properties, including
www.mamma.com and www.copernic.com.
With its award winning Copernic Desktop Search� software search
engine product, the Company brings the power of a sophisticated,
yet easy-to-use search engine to the user's PC. Additionally,
Copernic Inc. provides both online advertising as well as pure
content to its vast array of partnerships worldwide through its
well established media placement channels. Copernic handles over
one billion search requests per month and has media placement
partnerships established not only in North America, but also in
Europe and Australia.
More information can be found at www.copernic-inc.com.
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties that can cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed
in the Company's filings with the Securities and Exchange
Commission and the Ontario Securities Commission. The Company
expressly disclaims and intent or obligation to update any
description of the scope, focus or subject matter of the statements
in this press release.
Contacts: Copernic Inc. Daniel Bertrand Executive Vice President
and Chief Financial Officer 514-908-4318 or Toll Free: 877-289-4682
#118 dbertrand@copernic.com www.copernic-inc.com
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