Israel’s Better On-Line Solutions (BOS) has received a Nasdaq Staff Determination indicating that the company is failing to comply with the $1.00 minimum bid price requirement for continued listing on the Nasdaq National Market set forth in Nasdaq Marketplace Rules.
Accordingly, the Company's ordinary shares are subject to delisting from the Nasdaq National Market. The Company will be requesting a hearing before the Nasdaq Listing Qualifications Panel to review the Staff Determination.
While there can be no assurance that the Panel will grant the company's request for continued listing, the Company is exploring all possible avenues to preserve the Nasdaq listing. Pending a final ruling, delisting will be stayed and the company's ordinary shares will continue to be listed on the Nasdaq National Market. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
