GLENDALE HEIGHTS, Ill., Jan. 25 /PRNewswire-FirstCall/ -- AHPC Holdings, Inc. , a leading distributor and supplier of disposable gloves and other products to the foodservice, healthcare, retail and industrial markets, today reported that on January 19, 2007, NASDAQ notified us that the bid price of our common stock had closed at less than $1.00 per share over the previous 30 consecutive trading days, and, as a result, did not comply with Marketplace Rule 4310(c)(4) (the “Rule”). Therefore, in accordance with Marketplace Rule 4310(c)(8)(D), we were provided 180 calendar days, or until July 18, 2007 to regain compliance with the Rule.
AHPC Holdings, Inc., headquartered in Glendale Heights, is a marketer of disposable medical examination, foodservice and retail gloves. The Company’s wholly owned subsidiary, American Health Products Corporation, is a leading supplier of branded and private label disposable gloves to the healthcare, foodservice, retail and industrial markets nationwide.
This Press Release contains forward-looking statements, which involve numerous risks and uncertainties, including, but not limited to, the Company’s ability to maintain current sales levels at current margins and ability to maintain in place the Company’s current line of credit or replace it with an alternate substitute. The Company’s actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
AHPC Holdings, Inc.
CONTACT: Alan E. Zeffer, President & Chief Executive Officer of AHPCHoldings, Inc., +1-800-828-2964, Fax: +1-630-407-0238
Web site: http://www.ahpc.com/
