North American Scientific Inc. Effects Reverse Stock Split of Its Common Stock

CHATSWORTH, Calif.--(BUSINESS WIRE)--North American Scientific, Inc. (NASDAQ:NASM) today announced that, pursuant to Shareholder approval at its Annual Meeting on April 29, 2008, the Company filed an amendment to its Amended Certificate of Incorporation that implements a 1 share for 5 share reverse stock split of the Company’s outstanding common stock. The reverse stock split will become effective for shareholders of record at 12:00 am on May 1, 2008. As a result of the reverse stock split, each five shares of common stock will be combined and reclassified into one share of common stock and the total number of shares outstanding will be reduced to approximately 18.5 million shares from approximately 92.4 million shares. The common stock will trade under its new symbol “NASM” as announced by the Company on April 30, 2008.

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