Bio Plexus To Be Listed On NASDAQ Small Cap Market.TOLLAND, Conn.--(BUSINESS WIRE)--Feb. 18, 1997--Bio Plexus Plexus - A modular World-Wide Web server written in Perl by Tony Sanders <sanders@earth.com>. Comes with interfaces to allow many other information services to be served via the Web. Version 3.0m 1994-07-22. , 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 : BPLX), designer, developer, manufacturer and marketer of safety medical products under the Punctur-Guardr name, announced today that the company's requirements for continued listing on NASDAQ National Market have been reviewed by a NASDAQ Listing Qualifications Panel. The Panel determined that Bio-Plexus's diligent dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d efforts to conform with the $4 million minimum net tangible asset Tangible Asset An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. requirements for continued listing on the NASDAQ National Market may not yield suitable results within an acceptable time frame. It further noted that the funds raised in the $5 million convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. offering will not be immediately credited to equity. Finally, the Panel was of the opinion that the company is currently in compliance with the initial inclusion requirements for the NASDAQ SmallCap Market, and that it is likely the Company will be able to remain in compliance with the lower maintenance requirements of that market over the long term. Accordingly, the Panel determined to move Bio-Plexus securities to the NASDAQ SmallCap Market effective February 20, 1997. Ron Haverl, chairman and chief executive officer, commented, "While we no longer meet the requirements for the NASDAQ National Market, we are still pleased to be a part of the NASDAQ system in the Small Cap Market. CONTACT: Marilynn Meek meek adj. meek·er, meek·est 1. Showing patience and humility; gentle. 2. Easily imposed on; submissive. Porter, Le Vay & Rose, Inc. (212) 564-4700 or Christina Tamburro (860) 871-8601 |
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