'mktg, inc.' Receives Notification of Non-Compliance with Nasdaq Listing Rules
December 21 2009 - 3:15PM
PR Newswire (US)
NEW YORK, Dec. 21 /PRNewswire-FirstCall/ -- 'mktg, inc.'
(NASDAQ:CMKG), an alternative marketing and media communications
agency, today reported that on December 17, 2009 it received a
letter from The Nasdaq Stock Market notifying it that the Company
is not in compliance with Nasdaq Listing Rule 5550(a)(2) because
the closing bid price of the Company's common stock was below $1.00
per share for 30 consecutive business days. Pursuant to Nasdaq's
Listing Rules, the Company has a 180 day grace period, until June
15, 2010, during which the Company may regain compliance if the bid
price of its common stock closes at $1.00 per share or more for a
minimum of ten consecutive business days. In the event the Company
does not regain compliance prior to the end of this grace period,
Nasdaq will provide the Company with written notification that its
common stock is subject to delisting. Alternatively, the Company
may be eligible for an additional 180-day grace period if the
Company meets Nasdaq's initial listing standards (other than with
respect to minimum bid price) for The Nasdaq Capital Market. The
Company intends to actively monitor the bid price for its common
stock between now and June 15, 2010, and will consider available
options to regain compliance with the Nasdaq minimum bid price
requirements. About 'mktg, inc.' 'mktg, inc.' (NASDAQ:CMKG) is an
alternative media and marketing services company headquartered in
New York with full service offices in San Francisco, Chicago and
Cincinnati. The company currently serves a variety of the world's
most recognizable brands, including CBS, Diageo, P&G, Nintendo,
Pepsi, Nike and Google/YouTube. The company's services include
experiential marketing, digital marketing, retail promotions and
strategic research and planning. The firm's programs help its
clients profitably connect with consumers and create networks of
brand advocates to generate brand awareness and higher sales for
its customers. For more information, please visit
http://www.mktg.com/. This press release includes statements which
constitute forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. Forward-looking statements in this press release are not
promises or guarantees and are subject to risks and uncertainties
that could cause our actual results to differ materially from those
anticipated. These statements are based on management's current
expectations and assumptions and are naturally subject to
uncertainty and changes in circumstances. We caution you not to
place undue reliance upon any such forward-looking statements.
DATASOURCE: 'mktg, inc.' CONTACT: Charlie Horsey, +1-212-366-3400
Web Site: http://www.mktg.com/
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