OccuLogix Announces Stay of NASDAQ Panel Decision
September 16 2008 - 10:45AM
Marketwired
OccuLogix, Inc. (NASDAQ: OCCX)(TSX: OC) announced today that it has
been notified that the NASDAQ Listing and Hearing Review Listing
Council (the "Listing Council") has called for review the September
8, 2008 decision of the NASDAQ Listing Qualifications Panel
pursuant to which the Company's securities were to be delisted from
The NASDAQ Capital Market, effective at the open of business of
September 18, 2008 (the "Panel Decision"). The matter was called
for review by the Listing Council in order to consider the merits
of the Panel Decision. The Listing Council has also determined to
stay the Panel Decision pending further action by the Listing
Council. As a result, the Company's securities will continue to
trade on The NASDAQ Capital Market pending further consideration of
this matter by the Listing Council.
In the notification of its decision, the Listing Council has
given OccuLogix until noon on October 24, 2008 to submit any
additional information that the Company wishes the Listing Council
to consider in its review of the matter.
About OccuLogix, Inc.
OccuLogix (www.occulogix.com) is a healthcare company focused on
ophthalmic devices for the diagnosis and treatment of age-related
eye diseases.
Forward-Looking Statements
This press release may contain forward-looking statements. These
statements relate to future events and are subject to risks,
uncertainties and assumptions about the Company. These statements
are only predictions based on our current expectations and
projections about future events. You should not place undue
reliance on these statements. Actual events or results may differ
materially. Many factors may cause our actual results to differ
materially from any forward-looking statement, including the
factors detailed in our filings with the Securities and Exchange
Commission and Canadian securities regulatory authorities,
including but not limited to our Forms 10-K and 10-Q. We do not
undertake to update any forward-looking statements.
Contacts: OccuLogix, Inc. William G. Dumencu (905) 602-0887,
ext. 3910 Email: bill.dumencu@occulogix.com Website:
www.occulogix.com
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