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Avistar Communications Corporation
Avistar Communications Announces Receipt of Notice From Nasdaq
January 16th, 2009
Avistar Communications Corporation (NASDAQ:AVSR), a leader in unified visual communications solutions, announced that, on December 24, 2008, it received a notice from The Nasdaq Stock Market indicating that Avistar has not regained compliance with Nasdaq Marketplace Rule 4310(c)(3)(B) and, as a result, Avistar's securities are subject to de-listing from The Nasdaq Capital Market unless Avistar appeals the Nasdaq Staff's determination to a Nasdaq Listing Qualifications Panel. The suspension of several Marketplace rules due to extraordinary market conditions, originally announced by Nasdaq on October 16, 2008 and extended on December 19, 2008, until April 20, 2009, does not encompass Rule...
Source: Health Business Week (2009-01-16)
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