Full Press Release Details
| SPACEHAB, Inc. | ||
| 12130 Highway 3, Bldg. 1 | ||
| Webster, Texas 77598-1504 | ||
| 1.713.558.5000 | ||
| fax: 1.713.558.5960 | ||
| www.spacehab.com |
RECEIPT OF NASDAQ STAFF DEFICIENCY LETTER
Houston, Texas, October 6, 2006 SPACEHAB,
Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space
services, announced today that the Company s common stock has closed for more
than 30 consecutive trading days below the minimum $1.00 per share requirement
for continued inclusion on the Nasdaq National Market under Marketplace Rule
In accordance with Nasdaq rules, the Company has been
afforded 180 calendar days, or until April 2, 2007, to regain compliance with
the minimum bid price requirements. If at anytime before April 2, 2007 the bid
price of the Company s common stock closes at $1.00 per share or more for a
minimum of 10 consecutive trading days, Nasdaq will provide written
notification that the Company complies with Marketplace Rule 4310(c)(8)(E).
SPACEHAB, Incorporated (www.spacehab.com) is a leading
provider of commercial and government space services with three primary
business units. The Flight Services business unit develops, owns, and operates
habitat and laboratory modules and cargo carriers aboard NASA s Space Shuttles
for Space Station resupply and research purposes. SPACEHAB s Astrotech
subsidiary provides payload processing support services for both commercial and
government customers at company-owned facilities in Florida and California. The
Company s Government Services business unit supports NASA s Johnson Space
Center providing configuration management, product engineering, and support
services for both the Space Station and Space Shuttle programs. Additionally,
through The Space Store, Space Media provides space merchandise to the public
and space enthusiasts worldwide (www.thespacestore.com).
The statements in this document may contain
forward-looking statements that are made pursuant to the Safe Harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, trends, and uncertainties that could cause
actual results to be materially different from the forward-looking statement.
These factors include, but are not limited to, continued government support and
funding for key space programs, product performance and market acceptance of
products and services, as well as other risk factors and business
considerations described in the company s Securities & Exchange Commission
filings including the annual report on Form 10-K. Any forward-looking
statements in this document should be evaluated in light of these important
risk factors. The Company assumes no obligation to update these forward-looking
FOR MORE INFORMATION:
Corporate Marketing and Communications