Somera Communications Receives Nasdaq Deficiency Notification
2005年11月2日 - 6:15AM
PRニュース・ワイアー (英語)
DALLAS, Nov. 1 /PRNewswire-FirstCall/ -- Somera Communications
(NASDAQ:SMRA), a global provider of telecommunications asset
management services, today announced that the Company received a
Nasdaq Staff Deficiency letter on October 31, 2005 indicating that
Somera is not in compliance with the $1.00 minimum closing bid
price requirement for continued listing set forth in Marketplace
Rule 4450(a)(5). In accordance with Marketplace Rule 4450(e)(2),
Somera will be provided 180 calendar days, or until May 1, 2006, to
regain compliance. If, at anytime before May 1, 2006, 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, the Company may regain
compliance with the Rule. If Somera does not regain compliance with
the minimum closing bid price requirement by May 1, 2006, Nasdaq
Staff will provide written notification that its securities will be
delisted. At that time, the Company may appeal the Nasdaq Staff's
determination to delist its securities to a Listing Qualifications
Panel. Alternatively, the Company also could consider applying to
transfer its common stock to The Nasdaq Capital Market if it
satisfies the requirements for initial inclusion (other than the
minimum bid price requirement) set forth in Marketplace Rule
4310(c). If its application is approved, the Company will be
afforded the remainder of this market's second 180-calendar day
compliance period in order to regain compliance while on The Nasdaq
Capital Market. About Somera Somera Communications is a telecom
asset management firm that assists service providers generate
greater value from their network assets in the form of lower
operating costs, longer product life, higher productivity, and real
measurable savings. Somera provides immediate availability of
quality, warranted new and refurbished equipment at savings of 25%
to 60%. Extending these benefits is Somera RecoveryPLUS(TM), which
deploys knowledgeable personnel, proven processes and proprietary
software to each client location to provide professional discovery,
valuation and asset cataloging, thereby enhancing ongoing network
efficiency while improving the accuracy and quality of reports
required of today's regulatory environment. In addition, Somera
offers outsourced network operations, logistics, and technical
service, as well as comprehensive repair services for wireless,
wireline, and data products -- all at significant savings and
reduced cycle times. Founded in 1995, Somera has developed an
impressive base of over 1,100 customers worldwide, including the
industry leaders from each segment of the telecommunications
market. Visit Somera on the web at http://www.somera.com/. Contact:
Jim Gardner Vice President, Marketing 972-304-5660 DATASOURCE:
Somera Communications CONTACT: Jim Gardner, Vice President,
Marketing, of Somera Communications, +1-972-304-5660, Web site:
http://www.somera.com/
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