Consulier Engineering, Inc. Receives Nasdaq Notice of Non-Compliance.RIVERA BEACH, Fla. -- Consulier Engineering, 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 :CSLR CSLR Center for Spoken Language Research (University of Colorado at Boulder) CSLR Center for the Study of Law and Religion (Emory University School of Law; Atlanta, Georgia) ) today announced that on May 25, 2006 it received a notice from the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. indicating that the company has failed to comply with Marketplace Rule 4310(c)(2)(B) of the Nasdaq Stock Market, requiring the company either maintain a minimum stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. or market value or meet certain net income levels. The company intends to submit a specific plan to achieve and sustain compliance with all Nasdaq rules. If the company does not regain compliance with the rules, Nasdaq will issue a letter notifying the company that its common stock will be delisted, though the delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. can be extended by appeal to the Nasdaq Listing Qualifications Panel. This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained in this press release include statements regarding submitting a specific plan to achieve and sustain compliance with all Nasdaq rules. Consulier intends for the forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements. About Consulier Engineering, Inc. Consulier Engineering, Inc. and its subsidiaries are engaged in medical software activities, investment activities, and the distribution of Captain Cra-Z Soap(TM). For more information about Consulier, please visit its website at http://www.consulier.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion