WorldHeart Regains Compliance With the Minimum Bid Price Rule
November 18 2008 - 1:55PM
PR Newswire (US)
OAKLAND, Calif., Nov. 18 /PRNewswire-FirstCall/ -- (NASDAQ:WHRTD)
World Heart Corporation ("WorldHeart" or the "Company") announced
today that on November 13, 2008, the Company received a letter from
The NASDAQ Stock Market ("NASDAQ") stating that the Company has
regained compliance with Marketplace Rule 4310(c)(4) (the "Minimum
Bid Price Rule") and has maintained a closing bid price of its
ordinary shares at $1.00 per share or greater for at least 10
consecutive business days. This matter is now closed with the
NASDAQ. About World Heart Corporation WorldHeart is a developer of
mechanical circulatory support systems. WorldHeart is headquartered
in Oakland, California, USA with additional facilities in Salt Lake
City, Utah and Herkenbosch, The Netherlands. WorldHeart's
registered office is in Ottawa, Ontario, Canada. Any
forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and include all statements regarding WorldHeart's
ability to regain compliance with The NASDAQ Capital Market listing
requirements, as well as other statements that can be identified by
the use of forward-looking language, such as "believes," "feels,"
"expects," "may," "will," "should," "seeks," "plans,"
"anticipates," or "intends" or the negative of those terms, or by
discussions of strategy or intentions. Investors are cautioned that
all forward-looking statements involve risk and uncertainties,
including without limitation: WorldHeart's need for additional
capital in the future; risks in product development and market
acceptance of and demand for WorldHeart's products; delisting from
the NASDAQ Stock Market if compliance with the listing standards is
not regained; and other risks detailed in WorldHeart's filings with
the U.S. Securities and Exchange Commission, including without
limitation its Annual Report on Form 10-KSB/A for the year ended
December 31, 2007 and its Quarterly Report on Form 10-Q/A for the
quarter ended March 31, 2008 and its Quarterly Reports on Form 10-Q
for the quarters ended June 30, 2008 and September 30, 2008.
DATASOURCE: World Heart Corporation CONTACT: Mr. David Pellone,
+1-510-563-4775, or Ms. Peggy Allman, +1-510-563-4721, both of
World Heart Corporation Web site: http://www.worldheart.com/
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