ITC^DeltaCom Regains Compliance With Nasdaq Bid Price Rule
September 28 2005 - 7:09AM
PR Newswire (US)
NOTE TO EDITORS: In the company name ITC^DeltaCom noted in this
news release, there is a caret between ITC and DeltaCom. This
symbol may not appear properly in some systems. WEST POINT, Ga.,
Sept. 28 /PRNewswire-FirstCall/ -- ITC^DeltaCom, Inc.
(NASDAQ:ITCDD), a leading provider of integrated communications
services to customers in the southeastern United States, today
announced that it has received a letter from the Nasdaq Stock
Market advising the company that ITC^DeltaCom has corrected its
previously reported bid price deficiency under the Nasdaq
Marketplace Rules and that ITC^DeltaCom's common stock now meets
the $1.00 minimum bid price standard for continued inclusion on the
Nasdaq National Market. Following ITC^DeltaCom's implementation of
a one-for-three reverse split of its common stock on September 13,
2005, the previous deficiency was corrected upon ITC^DeltaCom's
achievement of a $1.00 minimum closing bid price for its common
stock for ten consecutive trading days. ABOUT ITC^DELTACOM, INC.
ITC^DeltaCom, headquartered in West Point, Ga., provides, through
its operating subsidiaries, integrated telecommunications and
technology services to businesses and consumers in the southeastern
United States. ITC^DeltaCom has a fiber optic network spanning
approximately 14,500 route miles, including more than 10,900 route
miles of owned fiber, and offers a comprehensive suite of voice and
data communications services, including local, long distance,
enhanced data, Internet, colocation and managed services, and sells
customer premise equipment to end-user customers. The Company
operates approximately 29 voice switches and 74 data switches, and
is one of the largest competitive telecommunications providers in
its primary eight-state region. ITC^DeltaCom has interconnection
agreements with BellSouth, Verizon, SBC, CenturyTel and Sprint for
resale and access to unbundled network elements and is a certified
competitive local exchange carrier (CLEC) in Arkansas, Texas,
Virginia and all nine BellSouth states. For more information about
ITC^DeltaCom, visit the Company's Web site at
http://www.itcdeltacom.com/. Investor Contact: Media Contact:
Richard E. Fish Lee A. Kimball Chief Financial Officer Vice
President, Marketing 256-382-3827 919-863-7149 DATASOURCE:
ITC^DeltaCom, Inc. CONTACT: Investor - Richard E. Fish, Chief
Financial Officer, +1-256-382-3827, , or Media - Lee A. Kimball,
Vice President, Marketing, +1-919-863-7149, Web site:
http://www.itcdeltacom.com/
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