IRVINE, Calif., April 7 /PRNewswire-FirstCall/ -- Pro-Dex, Inc. (the “Company”) announced today that the Company recently appeared before a NASDAQ Listing Qualifications Panel (the “Panel”) and was notified on March 24, 2010 that the Panel has granted the Company’s request for continued listing on The NASDAQ Capital Market subject to the condition that, on or before July 12, 2010, the Company evidence a closing bid price of $1 or more for a minimum of ten consecutive trading days. Mark Murphy, the Company’s CEO commented that “We are pleased with NASDAQ’s grant of this extension. While we cannot guarantee that the stock price will increase beyond the $1 threshold, it does provide the Company with additional time to release results for another quarter as well and any new developments which may emerge.”
Pro-Dex, Inc., with operations in Irvine, California, Beaverton, Oregon and Carson City, Nevada, specializes in bringing speed to market in the development and manufacture of technology-based solutions that incorporate miniature rotary drive systems, embedded motion control and fractional horsepower DC motors, serving the medical, dental, semi-conductor, scientific research and aerospace markets. Pro-Dex’s products are found in hospitals, dental offices, medical engineering labs, commercial and military aircraft, scientific research facilities and high tech manufacturing operations around the world.
CONTACT: Mark Murphy, Chief Executive Officer of Pro-Dex, Inc.,
+1-949-769-3200
Web site: http://www.pro-dex.com/
