VocalTec Regains Compliance with Nasdaq's Minimum Bid Price Requirement
27 Octubre 2009 - 12:30AM
Business Wire
VocalTec Communications Ltd. (Nasdaq:VOCL) (the “Company”
or “VocalTec”), a global provider of carrier-class multimedia and
voice-over-IP solutions for communication service providers, today
announced that Nasdaq has confirmed that the Company has regained
compliance with the $1.00 minimum closing bid price
requirement.
Pursuant to Nasdaq's rules, the Company was required to evidence
a closing bid price of at least $1.00 per share for 10 consecutive
trading days. The letter received from Nasdaq confirms that this
requirement has been met and that VocalTec is otherwise in
compliance with all Nasdaq continued listing requirements.
As a result, VocalTec's shares will continue to trade on the
Nasdaq Capital Market and are not at this time subject to
delisting. On September 1, 2009 the closing price of the Company's
ordinary shares was $1.66 per share.
About VocalTec
VocalTec Communications (Nasdaq:VOCL) is a global provider of
carrier-class multimedia and voice-over-IP solutions for
communication service providers. A pioneer in VoIP technology since
1994, VocalTec provides proven trunking, peering and
residential/enterprise VoIP application solutions that enable
flexible deployment of next-generation networks (NGNs). Partnering
with prominent system integrators and equipment manufacturers,
VocalTec serves an installed base of dozens of leading carriers
worldwide. VocalTec is led by a management team comprised of
respected industry veterans.
www.vocaltec.com
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