Copernic Inc. Receives NASDAQ Extension of its Compliance Period
2008年10月24日 - 1:45AM
Marketwired
Copernic Inc., (the "Company"), (NASDAQ: CNIC), a leading software
development company specializing in internet, desktop and mobile
search products, announced that it received a NASDAQ Notice on
October 22, 2008, indicating that the Company has received an
extension to comply with the minimum bid price requirement for
continued listing.
The notice stated: "Given these extraordinary market conditions,
NASDAQ has determined to suspend enforcement of the bid price and
market value of publicly held shares requirements through Friday,
January 16, 2009. In that regard, on October 16, 2008, NASDAQ filed
an immediately effective rule change with the Securities and
Exchange Commission to implement the suspension. As a result, all
companies presently in a bid price or market value of publicly held
shares compliance period will remain at that same stage of the
process and will not be subject to being delisted for these
concerns. These rules will be reinstated on Monday, January 19,
2009 and the first relevant trade date will be Tuesday, January 20,
2009.
Since your company had 59 calendar days remaining in its
compliance period as of October 16th, it will, upon reinstatement
of the rules, still have this number of days, or until March 19,
2009, to regain compliance. The company can regain compliance,
either during the suspension or during the compliance period
resuming after the suspension, by achieving a $1 closing bid price
for a minimum of 10 consecutive trading days".
Marc Ferland, President and CEO of Copernic Inc. stated that he
welcomed this moratorium which allows management to continue
focussing on value creation activities for the benefit of its
shareholders.
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. Marc Ferland President and Chief
Executive Officer 514-908-4339 / Toll Free: 877-289-4682 #139
mferland@copernic.com www.copernic-inc.com
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