Nasdaq Confirms NationsHealth's Compliance with Marketplace Rule 4450(b)(1)(A)
November 06 2006 - 3:12PM
Business Wire
NationsHealth, Inc. (Nasdaq: NHRX, NHRXW, NHRXU) announced that it
was advised today by the Nasdaq Listing Qualifications Department
that the Company had demonstrated compliance with the continued
listing requirements for inclusion on The NASDAQ Global Market
under Marketplace Rule 4450(b)(1)(A), which requires a minimum
$50,000,000 market value of listed securities for at least 10
consecutive trading days, and, as a result, the staff had closed
its review of the Company�s eligibility under Marketplace Rule
4450(b)(1)(A). The Company had previously announced this review on
October 18, 2006. As previously announced, on September 12, 2006
NationsHealth was advised in a separate review by the Nasdaq
Listing Qualifications Department that the Company�s common stock
had not maintained a minimum market value of publicly held shares
(�MVPHS�) (i.e. the Company�s total shares outstanding less any
shares held by officers, directors or beneficial owners of 10
percent or more) of at least $15,000,000 as required for continued
listing on The NASDAQ Global Market under Marketplace Rule
4450(b)(3). The Company was provided 90 calendar days to regain
compliance with the MVPHS deficiency by achieving a MVPHS of the
Company�s common stock of at least $15,000,000 or more for 10
consecutive trading days at any time before December 11, 2006. 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.
NationsHealth, Inc. (Nasdaq: NHRX, NHRXW, NHRXU) announced that it
was advised today by the Nasdaq Listing Qualifications Department
that the Company had demonstrated compliance with the continued
listing requirements for inclusion on The NASDAQ Global Market
under Marketplace Rule 4450(b)(1)(A), which requires a minimum
$50,000,000 market value of listed securities for at least 10
consecutive trading days, and, as a result, the staff had closed
its review of the Company's eligibility under Marketplace Rule
4450(b)(1)(A). The Company had previously announced this review on
October 18, 2006. As previously announced, on September 12, 2006
NationsHealth was advised in a separate review by the Nasdaq
Listing Qualifications Department that the Company's common stock
had not maintained a minimum market value of publicly held shares
("MVPHS") (i.e. the Company's total shares outstanding less any
shares held by officers, directors or beneficial owners of 10
percent or more) of at least $15,000,000 as required for continued
listing on The NASDAQ Global Market under Marketplace Rule
4450(b)(3). The Company was provided 90 calendar days to regain
compliance with the MVPHS deficiency by achieving a MVPHS of the
Company's common stock of at least $15,000,000 or more for 10
consecutive trading days at any time before December 11, 2006. 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.
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