Full Press Release Details
| News Release | Contact: Bruce Russell | |
| Russell Communications Group | ||
| 310-559-4955 x101 | ||
| brucerussell@ruscom.com |
Cyanotech Receives Notice of Delisting by Nasdaq,
KAILUA KONA, Hawaii (July 20, 2006) Cyanotech Corporation (Nasdaq:
CYAN) announced that it had received notification on July 17, 2007, from
the Nasdaq Stock Market that the Company is not in compliance with the
requirements for continued listing of Nasdaq Marketplace Rule 4310(c)(14), because
of its failure to file its report on Form 10-K for the fiscal year ended
March 31, 2007. Consequently, the
Company s common stock is subject to suspension of trading on July 26,
2007 unless the Company files an appeal.
The Company filed an appeal of that decision with the Nasdaq Listing
Qualifications Panel on July 20, 2007 requesting continued listing of its
common stock until the Panel s review and determination. The suspension of trading and delisting is
stayed pending the appeal.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
Except for statements of
historical fact, the statements in this news release are forward-looking. Such statements are subject to a number of
risks and uncertainties that could cause actual results to differ materially
from the statements made. These factors
include, but are not limited to, general economic conditions, forecasts of
sales in future periods, changes in sales levels to our largest customers,
weather patterns, production problems caused by contamination, risks associated
with the acceptance of new products, competition, foreign exchange
fluctuations, government regulation, and other factors more fully detailed in
the Company s recent Form 10-Q and annual form 10-K filings with the Securities
and Exchange Commission.
73-4460 Queen Kaahumanu Highway, #102
~ Kailua-Kona, Hawaii 96740
fax (808) 329-3597 ~