World Heart Corporation Regains Compliance With Nasdaq Listing Requirements
OAKLAND, Calif., April 27 /PRNewswire-FirstCall/ -- World Heart Corporation , a global technology leader in mechanical circulatory support systems, today announced that it has satisfied The Nasdaq Stock Market's minimum bid price requirement for continued listing under Nasdaq's Marketplace Rule 4450(a)(5). Because the Company's common stock has closed at or above $1.00 per share for more than 10 consecutive business days, the Company has regained compliance with the rule prior to the previously announced deadline of May 30, 2006.
WorldHeart is a global technology leader in mechanical circulatory support systems, dedicated to working with physicians to provide reliable, long-term mechanical circulatory support products and services to the broadest patient population through technology, leadership and innovation. The company is headquartered in Oakland, California, USA with additional facilities in Salt Lake City, Utah and in Heesch, Netherlands. WorldHeart's registered office is Ottawa, Ontario, Canada.World Heart Corporation
CONTACT: Mr. Richard Juelis, +1-510-563-4713, or Ms. Peggy Allman,+1-510-563-4721, both of World Heart Corporation
Web site: http://www.worldheart.com//