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HADRON CONTINUES TRADING ON NASDAQ; NEW SYMBOL IS HDRNC

 HADRON CONTINUES TRADING ON NASDAQ; NEW SYMBOL IS HDRNC
 FAIRFAX, Va., Aug. 5 /PRNewswire/ -- Hadron, Inc., a Virginia- based high technology software engineering firm, today announced that its common stock will continue to be listed on The NASDAQ Stock Market via an exception from the minimum bid price requirement. For the duration of the exception the company's NASDAQ symbol will be HDRNC.
 The NASDAQ Stock Market has recently adopted several new listing and maintenance requirements. The minimum bid price requirement mandates that a company's stock must trade at prices in excess of $1 per share or, as an alternative, the company must have shareholders' equity in excess of $2 million.
 Based on its preliminary, unaudited financials for the year ended June 30, 1992, Hadron believes that it will meet the alternative requirement to bid price, and will have shareholders' equity in excess of $2 million as a result of non-operating adjustments. Hadron's unaudited financial statements for the quarter ended March 31, 1992, showed shareholders' equity of approximately $1.8 million. NASDAQ has granted Hadron a temporary exception from its listing requirements, subject to Hadron filing with the Securities and Exchange Commission and NASDAQ on or before Sept. 28, 1992, its annual report on Form 10-K for the year ended June 30, 1992, showing that it meets all requirements necessary for continued listing. There can be no assurance that Hadron can satisfy this requirement until its annual financial audit has been completed and its Form 10-K has been filed.
 Hadron, Inc., provides technical and professional services to businesses and the government. Hadron provides its clients with expert technical services, systems integration and product development in fields including computer-based litigation support, custom software development and computer-based training and instructional technology.
 -0- 8/5/92
 /CONTACT: Amber Gordon, vice president of corporate relations, Hadron, 703-359-6404/
 (HDRNC) CO: Hadron, Inc. ST: Virginia IN: CPR SU:


DC -- DC023 -- 7218 08/05/92 15:45 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 5, 1992
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