Food Technology Service (MM) (NASDAQ:VIFLD)
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From May 2019 to May 2024
Food Technology Service, Inc., (NASDAQ:VIFLD) announced
today that it has regained compliance with NASDAQ rules relating to
the minimum bid price of common stock. The Company was notified on
January 18, 2006 that it had failed to maintain a minimum bid price of
$1.00 over the preceding 30 consecutive trading days as required by
Nasdaq Marketplace Rule 4310(c)(4). That notification gave the company
until July 17, 2006 to demonstrate compliance by maintaining a minimum
closing bid of at least $1.00 for a minimum of 10 consecutive trading
days. On July 19, 2006, Nasdaq wrote the company stating, "The Company
has regained compliance with Marketplace Rule 4310(c)(4) and this
matter is now closed."
As previously announced, the Company's trading symbol on the
NASDAQ exchange was temporarily changed to VIFLD on July 5, 2006 to
notify investors of a reverse stock split effective on that date. The
Company's trading symbol will return to VIFL on August 2, 2006.
Except for historical matters contained herein, the matters
discussed in this press release are forward-looking statements and are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
reflect assumptions and involve risk and uncertainties that may affect
business and prospects and cause actual results to differ materially
from these forward-looking statements.