Cygne Receives Nasdaq Notice Letter
2008年4月17日 - 6:15AM
ビジネスワイヤ(英語)
Cygne Designs, Inc. (NASDAQ: CYDS) today announced it has received
a Nasdaq Staff Deficiency Letter on April 10, 2008 indicating that
the Company failed to comply with Marketplace Rule 4310 (c) (13)
requiring payment of certain fees and that Cygne�s securities are,
therefore, subject to delisting from Nasdaq. On April 15, 2008, the
Company received an additional Nasdaq Staff Determination letter
from Nasdaq indicating that the Company failed to comply with
Marketplace Rule 4310 (c) (13) requiring payment of certain
additional fees and that Cygne�s securities are, therefore, subject
to delisting from Nasdaq. The past due fees payable to Nasdaq
aggregate $92,500. On April 16, 2008, Cygne paid the past due fees
of $92,500 and the Nasdaq Staff rescinded its delisting directive.
Cygne Designs, Inc. is a designer, merchandiser, manufacturer and
distributor of branded and private label women�s denim, casual and
career apparel and men�s denim apparel with sales to retailers
located in the United States. 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. All forward-looking statements are
subject to risks and uncertainties, which could cause actual
results to differ from those projected. Such risks and
uncertainties are discussed more fully in the Company�s Annual
Report on Form 10-K for the year ended January 31, 2007 and the
Company�s other filings with the Securities and Exchange
Commission.
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