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NATRE Natures Sunshine Products (MM)

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Share Name Share Symbol Market Type
Natures Sunshine Products (MM) NASDAQ:NATRE NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Nature's Sunshine Will Be Delisted from The Nasdaq National Market

04/04/2006 10:39pm

Business Wire


Natures Sunshine Products (NASDAQ:NATRE)
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Nature's Sunshine Products, Inc. (NASDAQ:NATRE), a leading manufacturer and marketer of encapsulated herbs and vitamins, received a letter from The Nasdaq Stock Market indicating that the Nasdaq Listing Qualifications Panel determined to delist the Company's common stock from The Nasdaq National Market, effective with the open of business on April 5, 2006. As previously reported, the Company is not in compliance with Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 nor its Annual Report on Form 10-K for the fiscal year ended December 31, 2005. In addition, the Company has also reported that KPMG LLP resigned as the Company's independent registered public accounting firm on March 31, 2006. Because the Company could not reasonably determine whether it will file a complete Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 by April 19, 2006, the latest extension that the Panel could grant under the Marketplace Rules for filing the 10-Q, the Company did not seek any further filing extensions beyond the March 31, 2005 extension previously granted by the Panel. As a result, the Panel determined to delist the Company's common stock. The Company's common stock is not currently eligible to trade on the OTC Bulletin Board because, as described above, the Company is not current in its reporting obligations under the Securities Exchange Act of 1934, as amended. The Company expects that quotations for its common stock will appear in the National Daily Quotations Journal, often referred to as the "pink sheets," where subscribing dealers can submit bid and ask prices on a daily basis. However, there can be no assurances that the Company's common stock will be eligible for trading or quotation on any alternative exchanges or markets. The Company will disclose further timing and trading symbol information regarding the trading of its common stock when such information becomes available. About Nature's Sunshine Nature's Sunshine Products manufactures and markets through direct sales encapsulated and tableted herbal products, high quality natural vitamins, and other complementary products. In addition to the United States, the Company has operations in Japan, Mexico, Central America, South Korea, Canada, Dominican Republic, Venezuela, Ecuador, Peru, the United Kingdom and Ireland, Colombia, Brazil, Thailand, Israel, Singapore and Taiwan. The Company also has exclusive distribution agreements with selected companies in Argentina, Australia, Chile, New Zealand, Norway, and the Russian Federation. Statements in this press release concerning the Company's common stock trading on the "pink sheets" and the OTC Bulletin Board, and the Company making required filings with the Securities and Exchange Commission and otherwise satisfying Nasdaq listing standards in order to regain compliance, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under Federal Securities Laws. "Forward-looking statements" are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those set forth in such statements. Such risks, uncertainties, and factors include, but are not limited to, the results of Company's ongoing internal investigation, the impact of the delisting of the Company's common stock and failure to file periodic reports, foreign business risks and the Company's ability to retain new independent auditors, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this press release.

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