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RMKRD Rainmaker Systems (MM)

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Share Name Share Symbol Market Type
Rainmaker Systems (MM) NASDAQ:RMKRD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Rainmaker Regains Compliance With NASDAQ Listing Requirements

04/01/2006 1:00pm

PR Newswire (US)


Rainmaker (NASDAQ:RMKRD)
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Trading Symbol to Return to 'RMKR' on Jan. 18, 2006 CAMPBELL, Calif., Jan. 4 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. (NASDAQ:RMKR), a leading outsource provider of integrated sales and marketing programs, today announced that it has received written notification from the NASDAQ Capital Market advising the company that it has regained compliance with Marketplace Rule 4310(c)(4), relating to the maintenance of a minimum closing bid price of $1.00 per share or greater for at least ten consecutive trading days. Rainmaker effected a one-for-five reverse stock split on Dec. 15, 2005. Rainmaker's shares trade under the symbol RMKRD. The 'D' is a temporary indicator of the reverse split and will be removed from the ticker symbol after 20 trading days following the reverse split. "We are very pleased to regain our listing status with NASDAQ and to bring the focus back to the tremendous gains we are making in our business," said Michael Silton, chief executive officer. "In addition to significant financial improvements over the last year including positive EBITDA results for the third quarter of 2005 and strong organic revenue growth, our recent accomplishments include two significant expansions of our of our services with our Fortune 50 software client and our Fortune 50 computer manufacturer client. Also, we successfully integrated two acquisitions and transitioned our operations center to Austin. We are well positioned for success in 2006 with our continued focus on revenue growth and GAAP profitability." About Rainmaker Systems Rainmaker Systems is a leading outsource provider of integrated sales and marketing services for companies that want to drive more sales. Rainmaker offers a closed-loop sales process and a comprehensive suite of services that ensures companies are both filling their sales pipelines with quality leads and closing them efficiently and cost effectively. Core services include telesales, integrated direct marketing and hosted e-commerce. Additional offerings include a proprietary database, customer database enhancement services, CRM technology integration and order management. Rainmaker helps approximately 50 companies ranging from Fortune 500 to dynamic technology start-ups, grow their revenues and increase customer loyalty by providing lead generation and contract renewal sales solutions. For more information, visit http://www.rmkr.com/ and http://www.sunsetdirect.com/. NOTE: Rainmaker Systems, the Rainmaker logo, Sunset Direct and Contract Renewals Plus are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners. DATASOURCE: Rainmaker Systems, Inc. CONTACT: Carmela Wong, Vice President of Marketing, Rainmaker Systems, Inc., +1-408-626-2418, or ; or Leslie Green of Stapleton Communications, Inc., +1-650-470-0200, or , for Rainmaker Systems, Inc. Web site: http://www.rmkr.com/

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