Langer, Inc. Receives NASDAQ Deficiency Letter

DEER PARK, N.Y., Oct. 6, 2008 (GLOBE NEWSWIRE) -- Langer, Inc. (Nasdaq:GAIT) ("Langer" or the "Company") today announced that on October 3, 2008 it received two deficiency letters from the NASDAQ Stock Market ("NASDAQ") Listing Qualifications Department notifying the Company that for the past 30 consecutive business days, its common stock has: (i) closed below the $1.00 per share minimum bid price as required by NASDAQ Marketplace Rule 4450(a)(5) and (ii) not maintained a minimum market value of publicly held shares of $5,000,000 as required by NASDAQ Marketplace Rule 4450(a)(2).