Thomas Group’s Request Granted by Nasdaq Panel for Extension to Comply with Continued Listing Requirements
14 Mayo 2010 - 8:00AM
Business Wire
Thomas Group, Inc. (NasdaqCM: TGIS) (the “Company”), an
operations and process improvement firm, today announced that a
Nasdaq Listing Qualifications Panel (the “Panel”) has granted the
Company’s request for an extension of time, as permitted under
Nasdaq’s Listing Rules, to comply with the $1.00 per share minimum
bid price requirement for continued listing. In accordance with the
Panel’s decision, on or before September 13, 2010, the Company must
evidence a closing bid price of $1.00 or more for a minimum of ten
prior consecutive trading days. Under Nasdaq’s rules, this date
represents the maximum length of time that a Panel may grant to
regain compliance. While the Company is diligently taking steps to
comply in accordance with the Panel’s decision, there can be no
assurances that the Company will be able to do so.
About Thomas Group
Thomas Group, Inc. (NasdaqCM: TGIS) is an international,
publicly-traded professional services firm specializing in
operational improvements. Thomas Group's unique brand of process
improvement and performance management services enable businesses
to enhance operations, improve productivity and quality, reduce
costs, generate cash and drive higher profitability. Known for
Breakthrough Process Performance, Thomas Group creates and
implements customized improvement strategies for sustained
performance improvements in all facets of the business enterprise.
Thomas Group has offices in Dallas, Detroit and Washington, D.C.
For more information, please visit www.thomasgroup.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act:
Any statements in this release that are not strictly historical
statements, including statements about our beliefs and
expectations, are “forward-looking statements” within the meaning
of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by these statements, including
general economic and business conditions that may impact clients
and our revenues, timing and awarding of customer contracts,
revenue recognition, competition and cost factors as well as other
factors detailed from time to time in our filings with the
Securities and Exchange Commission, including our Form 10-K for the
year ended December 31, 2009. These forward-looking statements may
be identified by words such as “anticipate,” “expect,” “suggests,”
“plan,” “believe,” “intend,” “estimates,” “targets,” “projects,”
“could,” “should,” “may,” “would,” “continue,” “forecast,” and
other similar expressions. These forward-looking statements speak
only as of the date of this release. Except as required by law, we
expressly disclaim any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statement contained
herein to reflect any change in our expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based.
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