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D. Medical Industries Ltd. (DMED) Receives NASDAQ Notification of Non-Compliance With the Minimum $2.5 Million Stockholders' Equity Requirement


5/10/2012 9:26:08 AM

TIRAT CARMEL, Israel, May 10, 2012 (GLOBE NEWSWIRE) -- D. Medical Industries Ltd. (Nasdaq:DMED) (TASE:DMED) ("D. Medical" or the "Company") announced today that it received a letter from The NASDAQ Stock Market LLC ("NASDAQ") on May 7, 2012, indicating that based on the Company's stockholders' equity of US$1,137,000, as reported in the Company's Annual Report on Form 20-F for the year ended December 31, 2011, the Company is no longer in compliance with the US$2.5 million minimum stockholders' equity requirement for continued listing on the NASDAQ Capital Market under Listing Rule 5550(b)(1).

Read at GlobeNewswire

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