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 11:41:39 am Views: 77
  • #23521
    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.