Saflink Receives NASDAQ Delisting Notice
2006年12月19日 - 7:30AM
PRニュース・ワイアー (英語)
KIRKLAND, Wash., Dec. 18 /PRNewswire-FirstCall/ -- Saflink(R)
Corporation (NASDAQ:SFLK), a leading provider of solutions for
secure access, identity assurance and productivity, announced today
that it received a letter from Nasdaq on December 12, 2006,
indicating that Saflink has not regained compliance with the
minimum bid price requirement as set forth in Marketplace Rule
4310(c)(4) and, as a result, Nasdaq has determined to delist
Saflink securities from the Nasdaq Capital Market. On December 16,
2005, Saflink received a Nasdaq staff deficiency letter indicating
that it was not in compliance with the $1.00 per share minimum
closing bid price requirement for continued listing on the Nasdaq
Capital Market because the bid price of Saflink common stock closed
below $1.00 per share for 30 consecutive business days. Therefore,
in accordance with Marketplace Rule 4310(c)(8)(D), Saflink was
provided 180 calendar days, or until June 14, 2006, to regain
compliance with the minimum bid price requirement. On June 15,
2006, Saflink was provided an additional 180 calendar days, or
until December 11, 2006, to regain compliance with the minimum bid
price requirement. Nasdaq has indicated that, unless Saflink
requests an appeal of Nasdaq's determination to delist Saflink
securities to a listing qualifications panel, trading in Saflink's
common stock will be suspended at the opening of business on
December 21, 2006. Saflink intends to request an appeal of Nasdaq's
determination, which would postpone the effect of the delisting
pending a hearing on the matter before the panel. As a result,
Saflink believes its common stock will continue to trade on the
Nasdaq Capital Market pending the panel's decision. In addition, on
October 11, 2006, Saflink received written notification from Nasdaq
indicating that Saflink was not in compliance with the Nasdaq audit
committee requirements as set forth in Marketplace Rule 4350
because Steven M. Oyer, who was serving as the chairman of
Saflink's audit committee, agreed to serve as the company's interim
chief executive officer. On November 6, 2006, Saflink appointed
Lincoln D. Faurer to serve as the chairman of its audit committee
and also appointed Asa Hutchinson to serve as a member of the audit
committee. Mr. Oyer no longer serves on the audit committee. About
Saflink Saflink Corporation offers biometric security and smart
card solutions that protect intellectual property, secure
information and eliminate passwords. Saflink identity assurance
management solutions allow administrators to verify the identity of
users and control their access to computer networks, facilities and
applications. Winner of seven awards in 2005, Saflink and its
solutions have been recognized by organizations such as Frost &
Sullivan and Software Magazine's Software 500. For more
information, please visit http://www.saflink.com/ or call
800-762-9595 NOTE: "Saflink" is a registered trademark of Saflink
Corporation. "NASDAQ" and "The NASDAQ Stock Market" are registered
trademarks of The NASDAQ Stock Market, Inc. This release contains
information about management's view of our future expectations,
plans and prospects that constitute forward-looking statements for
purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements as a result of a variety of factors and are subject to
certain assumptions, risks, uncertainties and changes in
circumstances. If we are unable to regain compliance with the
Nasdaq minimum bid price requirement and our appeal to the Nasdaq
listing qualifications panel is unsuccessful, our its stock will be
delisted from the Nasdaq Capital Market. If our common stock is
delisted from the Nasdaq Capital Market, it may trade on the
over-the-counter market, which may be a less liquid market. In such
case, your ability to trade, or obtain quotations of the market
value of, shares of our common stock could be severely limited
because of lower trading volumes and transaction delays. These
factors could contribute to lower prices and larger spreads in the
bid and ask prices for our common stock. In addition, the delisting
of our common stock from the Nasdaq Capital Market would
significantly impair our ability to raise capital in the public
markets in the future Other risks and uncertainties include, but
are not limited to, risks and uncertainties associated with our
financial condition, our ability to sell our products, our ability
to compete with competitors and the growth of the security market,
and those described in our most recent Quarterly Report on Form
10-Q and our most recent Annual Report on Form 10-K, as well as
other documents we periodically file with the Securities and
Exchange Commission. Contact: Katie James of Sterling
Communications, +1-206-388-5758, or ; or Investors, Tony Schor, or
Lindsay Kenoe, both of Investor Awareness, Inc., +1-847-945-2222,
or http://www.investorawareness.com/ DATASOURCE: Saflink
Corporation CONTACT: Katie James of Sterling Communications,
+1-206-388-5758, or ; or Investors, Tony Schor, or Lindsay Kenoe,
+1-847-945-2222, or http://www.investorawareness.com/, both of
Investor Awareness, Inc. Web site: http://www.saflink.com/
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