NationsHealth Receives Nasdaq Notification
October 18 2006 - 4:00PM
Business Wire
NationsHealth, Inc. (Nasdaq: NHRX, NHRXW, NHRXU) announced today
that on October 13, 2006 it was advised by the Nasdaq Listing
Qualifications Department that for at least 10 consecutive trading
days, the Company�s market value of listed securities was below the
minimum $50,000,000 requirement for continued inclusion on The
NASDAQ Global Market (formerly The NASDAQ National Market) under
Marketplace Rule 4450(b)(1)(A) (�the Rule�). Nasdaq also noted that
the Company does not comply with Marketplace Rule 4450(b)(1)(B),
which alternatively requires total assets and total revenue of at
least $50,000,000 each, for the most recently completed fiscal year
or two of the three most recently completed fiscal years. The
Company was provided 30 calendar days, or until November 13, 2006,
to regain compliance with the Rule. If at any time before November
13, 2006, the Company�s market value of listed securities is
$50,000,000 or more for a minimum of 10 consecutive business days,
the Nasdaq Staff will re-evaluate if the Company complies with the
Rule. The Company is currently evaluating its alternatives to
resolve the listing deficiency. If the Company does not resolve the
listing deficiency, the Company may apply for listing on The NASDAQ
Capital Market. The Company currently is in compliance with the
listing standards of The NASDAQ Capital Market. About
NationsHealth, Inc. NationsHealth improves the delivery of
healthcare to Medicare and managed care beneficiaries by providing
medical products and prescription related services. NationsHealth
provides home delivery of diabetes, ostomy and pharmacy products to
approximately 102,000 patients across the nation. NationsHealth is
also the provider of diabetes supplies to more than 13,000 Medicare
beneficiaries at over 1,100 Kmart pharmacies. In addition to its
medical products business, NationsHealth also provides education,
marketing, enrollment and customer service to insurance plans, with
a focus on Medicare Part D plans. NationsHealth has an agreement
with CIGNA to service its Medicare Part D prescription drug plans
nationally. For more information please visit
http://www.nationshealth.com. This press release contains
forward-looking statements about NationsHealth, including its
ability to maintain its listing on The NASDAQ Global Market
(formerly the NASDAQ National Market) and its ability to transfer
to The NASDAQ Capital Market (formerly The NASDAQ SmallCap Market),
neither of which should be construed in any manner as a guarantee
that such results will in fact occur. In addition, other written or
oral statements that constitute forward-looking statements may be
made by us or on our behalf. Forward-looking statements are
statements that are not historical facts, and in some cases may be
identified by the words �anticipate,� �project,� �expect,� �plan,�
�intend,� �may,� �should,� �will,� and similar words or phrases.
Such forward-looking statements, based upon the current beliefs and
expectations of NationsHealth's management, are subject to risks
and uncertainties, which could cause actual results to differ from
the forward-looking statements. The following factors, among
others, could cause actual results to differ from those set forth
in the forward-looking statements: our ability to maintain our
existing customer base; our customers' desire to take advantage of
our Part D and specialty pharmacy services; uncertainty in our
costs incurred in administering the Part D program; changes in
Medicare, Medicaid, Tricare, Champus and any other state or
national-based reimbursement program; changing interpretations of
generally accepted accounting principles; outcomes of government
reviews of NationsHealth's business practices; inquiries and
investigations and related litigation; continued compliance with
government regulations; legislation or regulatory requirements or
changes adversely affecting the businesses in which NationsHealth
is engaged; fluctuations in customer demand; management of rapid
growth; our ability to compete effectively; timing and market
acceptance of new products sold by NationsHealth; general economic
conditions; and geopolitical events, regulatory changes and other
risks and uncertainties described in NationsHealth's Annual Report
on Form 10-K for the year ended December 31, 2005, Quarterly Report
on Form 10-Q for the quarter ended March 31, 2006 and
NationsHealth's other reports filed with the Securities and
Exchange Commission. The information set forth herein should be
read in light of such risks. NationsHealth cautions investors not
to place undue reliance on the forward-looking statements contained
herein. These statements speak only as of the date of this press
release and, except as required by applicable law, NationsHealth
assumes no obligation to update the information contained herein.
NationsHealth, Inc. (Nasdaq: NHRX, NHRXW, NHRXU) announced today
that on October 13, 2006 it was advised by the Nasdaq Listing
Qualifications Department that for at least 10 consecutive trading
days, the Company's market value of listed securities was below the
minimum $50,000,000 requirement for continued inclusion on The
NASDAQ Global Market (formerly The NASDAQ National Market) under
Marketplace Rule 4450(b)(1)(A) ("the Rule"). Nasdaq also noted that
the Company does not comply with Marketplace Rule 4450(b)(1)(B),
which alternatively requires total assets and total revenue of at
least $50,000,000 each, for the most recently completed fiscal year
or two of the three most recently completed fiscal years. The
Company was provided 30 calendar days, or until November 13, 2006,
to regain compliance with the Rule. If at any time before November
13, 2006, the Company's market value of listed securities is
$50,000,000 or more for a minimum of 10 consecutive business days,
the Nasdaq Staff will re-evaluate if the Company complies with the
Rule. The Company is currently evaluating its alternatives to
resolve the listing deficiency. If the Company does not resolve the
listing deficiency, the Company may apply for listing on The NASDAQ
Capital Market. The Company currently is in compliance with the
listing standards of The NASDAQ Capital Market. About
NationsHealth, Inc. NationsHealth improves the delivery of
healthcare to Medicare and managed care beneficiaries by providing
medical products and prescription related services. NationsHealth
provides home delivery of diabetes, ostomy and pharmacy products to
approximately 102,000 patients across the nation. NationsHealth is
also the provider of diabetes supplies to more than 13,000 Medicare
beneficiaries at over 1,100 Kmart pharmacies. In addition to its
medical products business, NationsHealth also provides education,
marketing, enrollment and customer service to insurance plans, with
a focus on Medicare Part D plans. NationsHealth has an agreement
with CIGNA to service its Medicare Part D prescription drug plans
nationally. For more information please visit
http://www.nationshealth.com. This press release contains
forward-looking statements about NationsHealth, including its
ability to maintain its listing on The NASDAQ Global Market
(formerly the NASDAQ National Market) and its ability to transfer
to The NASDAQ Capital Market (formerly The NASDAQ SmallCap Market),
neither of which should be construed in any manner as a guarantee
that such results will in fact occur. In addition, other written or
oral statements that constitute forward-looking statements may be
made by us or on our behalf. Forward-looking statements are
statements that are not historical facts, and in some cases may be
identified by the words "anticipate," "project," "expect," "plan,"
"intend," "may," "should," "will," and similar words or phrases.
Such forward-looking statements, based upon the current beliefs and
expectations of NationsHealth's management, are subject to risks
and uncertainties, which could cause actual results to differ from
the forward-looking statements. The following factors, among
others, could cause actual results to differ from those set forth
in the forward-looking statements: our ability to maintain our
existing customer base; our customers' desire to take advantage of
our Part D and specialty pharmacy services; uncertainty in our
costs incurred in administering the Part D program; changes in
Medicare, Medicaid, Tricare, Champus and any other state or
national-based reimbursement program; changing interpretations of
generally accepted accounting principles; outcomes of government
reviews of NationsHealth's business practices; inquiries and
investigations and related litigation; continued compliance with
government regulations; legislation or regulatory requirements or
changes adversely affecting the businesses in which NationsHealth
is engaged; fluctuations in customer demand; management of rapid
growth; our ability to compete effectively; timing and market
acceptance of new products sold by NationsHealth; general economic
conditions; and geopolitical events, regulatory changes and other
risks and uncertainties described in NationsHealth's Annual Report
on Form 10-K for the year ended December 31, 2005, Quarterly Report
on Form 10-Q for the quarter ended March 31, 2006 and
NationsHealth's other reports filed with the Securities and
Exchange Commission. The information set forth herein should be
read in light of such risks. NationsHealth cautions investors not
to place undue reliance on the forward-looking statements contained
herein. These statements speak only as of the date of this press
release and, except as required by applicable law, NationsHealth
assumes no obligation to update the information contained herein.
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