Arden Group, Inc. in Nasdaq Compliance.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Arden Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARDNA) announced that on August 23, 2006 it received a letter from Nasdaq informing the Company that as a result of the appointment of John G. Danhakl on August 17, 2006 as a member of the Audit Committee to fill a vacancy existing on that Committee, the Nasdaq Staff has determined that the Company is now in compliance with Nasdaq Rule 4350(d)(2) which requires at least three independent members on the Audit Committee. The letter from Nasdaq stated that following its Annual Meeting of Stockholders on June 28, 2006, the Company did not have three members on its Audit Committee and accordingly had not been in compliance with Marketplace Rule 4350(d)(2). Arden Group, Inc. is the parent company of Gelson's Markets which operates 18 full-service supermarkets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, carrying both perishable per·ish·a·ble adj. Subject to decay, spoilage, or destruction. n. Something, especially foodstuff, subject to decay or spoilage. Often used in the plural. and grocery products. |
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