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North American Scientific Inc. (NASI) Receives Notice Of Non-Compliance From NASDAQ


9/26/2008 10:13:50 AM

CHATSWORTH, Calif.--(BUSINESS WIRE)--North American Scientific, Inc. (Nasdaq:NASM), referred to herein as “the Company,” today announced that it received a notice from The Nasdaq Stock Market (“Nasdaq”) dated September 22, 2008 indicating that the Company does not comply with the minimum $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market as set forth under Marketplace Rule 4310(c)(3). In addition, the Company does not comply with the minimum $35 million market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years for continued listing.

Read at BioSpace.com


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