NTL Incorporated Receives Confirmatory Notice from Nasdaq Regarding Noncompliance with Board Independence Requirements.LONDON London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. -- On September September: see month. 11, 2006, NTL NTL Nevertheless NTL National Transportation Library NTL Norsk Tjenestemannslag NTL National Training Laboratories NTL Never Too Late NTL Nothing to Lose NTL National Training Laboratory NTL None the Less NTL Number Theory Library Incorporated (Nasdaq: NTLI) notified the Nasdaq Global Select Market and publicly announced that Gordon Gordon, river in W Tasmania, Australia, 125 mi (200 km) long. Flowing from mountains to the W coast, its main tributaries are the Franklin and Denison from the N, and Serpentine and Olga to the S. McCallum had been appointed to its Board of Directors, and that his appointment would cause the Company temporarily to become noncompliant with Nasdaq Marketplace Rule 4350(c)(1). This Rule requires a Nasdaq-listed company to have a majority of independent directors serving on its board. The Company today announces that it has received a staff deficiency letter Deficiency letter Notification from the SEC to a prospective issuer of securities that revisions or additions need to be made to the preliminary prospectus. deficiency letter from Nasdaq indicating that the Company fails to comply with Rule 4350(c)(1), which is a requirement for continued listing on Nasdaq. On or before September 26, 2006, the Company intends to submit a plan to Nasdaq in which it outlines the key steps it intends to take in order to regain compliance with Rule 4350(c)(1), either by the appointment of an additional independent director or by securing the resignation of an existing director. Notes to Editors - about ntl:Telewest On 3 March 2006 NTL Incorporated completed a merger with Telewest Global, Inc., creating the UK's largest provider of residential broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). and the UK's leading provider of triple play services. The company recently completed its acquisition of Virgin Mobile. NTL offers a wide range of communications and entertainment services to more than 5 million residential customers. ntl:Telewest networks can service more than 12 million homes - 50% of UK households. |
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