Full Press Release Details
| Contact: | Mark Murphy, Chief Executive Officer | |
| (949) 769-3200 |
INC. REGAINS NASDAQ COMPLIANCE FOR CONTINUED MARKET LISTING
IRVINE, CA, July 7, 2010 -
PRO-DEX, INC. (NASDAQ: PDEXD) today announced that The Nasdaq Stock
Market has notified the Company that it has regained compliance with the minimum
$1.00 per share bid price requirement for continued listing, and further, that
it complies with all other applicable standards for continued listing on The
Nasdaq Stock Market. Accordingly, the Company will continue to
be listed on The Nasdaq Stock Market.
previously announced, following a hearing before a NASDAQ Listing Qualifications
Panel (the "Panel"), the Panel determined to continue the Company's listing
subject to the condition that, on or before July 12, 2010, the Company evidence
a closing bid price of $1.00 per share or more for at least the ten prior
consecutive trading days. On July 1, 2010, the Company's closing bid
price was $1.71 per share, the tenth consecutive day it had exceeded the $1.00
per share threshold. Accordingly, the Company satisfied the Panel's
condition and the delisting proceeding is now closed.
Inc., with operations in California, Oregon and Nevada, specializes in bringing
speed to market in the development and manufacture of technology-based solutions
that incorporate miniature rotary drive systems, embedded motion control and
fractional horsepower DC motors, serving the medical, dental, semi-conductor,
scientific research and aerospace markets. Pro-Dex's products are
found in hospitals, dental offices, medical engineering labs, commercial and
military aircraft, scientific research facilities and high tech manufacturing
operations around the world.
herein concerning the Company's plans, growth and strategies may include
'forward-looking statements' within the context of the federal securities laws.
Statements regarding the Company's future events, developments and future
performance, as well as management's expectations, beliefs, plans, estimates or
projections relating to the future, are forward-looking statements within the
meaning of these laws. The Company's actual results may differ materially from
those suggested as a result of various factors. Interested parties should refer
to the disclosure concerning the operational and business concerns of the
Company set forth in the Company's filings with the Securities and Exchange