RMG Regains Compliance with Nasdaq Listing Requirements
August 31 2017 - 7:00AM
RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a leading
provider of technology-driven visual communications, today
announced it received a letter from the NASDAQ Listing
Qualifications Staff on August 30, 2017, notifying the Company that
it regained compliance with NASDAQ's minimum bid price requirements
for continued listing. Accordingly, RMG is in compliance with all
applicable listing standards and its common stock will continue to
be listed on The NASDAQ Capital Market and NASDAQ considers the
matter closed.
RMG had previously been notified by NASDAQ on
September 19, 2016, that it was not in compliance with the minimum
bid price rule because its common stock failed to meet the closing
bid price of $1.00 or more for 30 consecutive trading days. In
order to regain compliance with the Rule, the Company was required
to maintain a minimum closing bid price of $1.00 or more for at
least 10 consecutive trading days. This requirement was met on
August 28, 2017, the tenth consecutive trading day when the closing
bid price of the Company's common stock was over $1.00.
© 2017 RMG Networks Holding Corporation. RMG,
RMG Networks and its logo are trademarks and/or service marks of
RMG Networks Holding Corporation.
About RMG
RMG (NASDAQ:RMGN) goes beyond traditional
communications to help businesses increase productivity, efficiency
and engagement through digital messaging. By combining
best-in-class software, hardware, business applications and
services, RMG offers a single point of accountability for
integrated data visualization and real-time performance management.
The company is headquartered in Dallas, Texas, with additional
offices in the United States, United Kingdom and the United Arab
Emirates. For more information, visit www.rmgnetworks.com.
Cautionary Note Regarding
Forward-Looking Statements
Except for historical information contained
herein, the matters set forth in this release are "forward-looking
statements" within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as:
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "will" and similar references to future periods.
Examples of forward-looking statements include, among others,
statements we make regarding our ability to maintain our listing on
the Nasdaq Capital Market. The forward-looking statements set forth
above involve a number of risks and uncertainties that could cause
actual results to differ materially from any such statement,
including the risks and uncertainties discussed in the company's
Safe Harbor Compliance Statement for Forward-Looking Statements
included in the company's recent filings, including Forms 10-K and
10-Q, with the Securities and Exchange Commission. The
forward-looking statements speak only as of the date made, and the
company undertakes no obligation to update these forward-looking
statements.
Contact:
Investor
Brett Maas/Rob Fink
646-536-7331/646-415-8972
ir@rmgnetworks.com
or
Media
Gloria Lee
972-744-3958
gloria.lee@rmgnetworks.com
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