MEDIA SCIENCES INT'L FACING DELISTING FROM NASDAQ

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MEDIA SCIENCES INT'L FACING DELISTING FROM NASDAQ

 user 2010-03-22 at 11:40:48 am Views: 80
  • #23452

    http://money.cnn.com/news/newsfeeds/articles/prnewswire/NY73438.htm
    MEDIA SCIENCES INT’L FACING DELISTING FROM NASDAQ
    Media Sciences International, Inc. Receives NASDAQ Notice Regarding Minimum Bid Price – Subject to Delisting
    OAKLAND, N.J., March 2010– Media Sciences International, Inc. (Nasdaq: MSII) today announced that it received a NASDAQ Staff Determination on March 16, 2010 indicating that the Company has not regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in NASDAQ Marketplace Rule 5550(a)(2), and that the Company’s securities are, therefore, subject to delisting from The NASDAQ Capital Market.  The Company has requested a hearing before a Hearings Panel to review the Staff Determination.  The request for a hearing will stay the delisting pending the Panel’s decision.  There can be no assurance that the Panel will grant the Company’s request for continued listing.

    Media Sciences International, Inc. is the leading independent manufacturer of new build solid ink and color toner cartridges for office color printers. As the premium quality color toner and solid ink alternative to the printer manufacturer’s brand, Media Sciences’ 100% newly manufactured color toner and solid ink products for use in Dell®, Konica Minolta®, OKI®, Ricoh®, Samsung®, and Xerox® and many other color printers deliver significant savings when compared to the printer manufacturers brand.