Full Press Release Details
SPACEHAB, Inc.
12130 Highway 3, Bldg. 1
Webster, Texas 77598-1504
ANNOUNCES RECEIPT OF NASDAQ STAFF DEFICIENCY LETTER
Houston, Texas, April 8,
2008 SPACEHAB, Incorporated (NASDAQ: SPAB), a provider
of commercial space services, today announced that the Company s common stock has closed for more than 30 consecutive days below
the minimum $1.00 per share requirement for continued inclusion on the Nasdaq
Capital Market under Marketplace Rule 4310(c)(4).
In accordance with Nasdaq rules, the Company has been
afforded 180 calendar days, or until October 6, 2008, to regain compliance
with the minimum bid price requirements. If at anytime before October 6,
2008 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 the Marketplace Rule.
About SPACEHAB, Incorporated
SPACEHAB is a commercial and entrepreneurial force in the
space industry providing a full spectrum of products and services to both the
government and private sectors. The Company offers space access and payload
integration services, production of valuable commercial products in space,
spacecraft pre-launch processing facilities and services, development and
extension of space-based products to the consumer market, and program and
engineering support ranging from development and manufacturing of flight
hardware to large scale government project management.
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 statements.
FOR MORE INFORMATION:
Eva-Marie deCardenas
Corporate Marketing and Communications