DCAP Group Regains Compliance with Nasdaq Listing Rules
May 21 2009 - 12:00PM
Business Wire
DCAP Group, Inc. (NASDAQ: DCAP) today announced that it has been
advised by The Nasdaq Stock Market that it has regained compliance
with Nasdaq�s listing rules.
As previously announced, on October 1, 2008, the Company
received a deficiency notice from The Nasdaq Stock Market notifying
the Company that it was not in compliance with Rule 4310(c)(4)
because the Company's common stock closed below the minimum bid
price of $1.00 per share for the preceding 30 consecutive business
days. The Company was given a period of time, as prescribed by
Nasdaq�s listing rules, to regain compliance with the minimum $1.00
share bid price requirement.
On May 20, 2009, the Company received notice from The Nasdaq
Stock Market that the closing bid price of the Company�s common
stock has been at $1.00 per share or greater for at least 10
consecutive business days and that, based upon the foregoing, the
Company has regained compliance with Nasdaq�s listing rules.
Forward Looking Statements
Statements in this press release may contain �forward-looking
statements� within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical facts, may be forward-looking statements. These
statements are based on management�s current expectations and are
subject to uncertainty and changes in circumstances. These
statements involve risks and uncertainties that could cause actual
results to differ materially from those included in forward-looking
statements due to a variety of factors. More information about
these factors can be found in DCAP�s latest Annual Report filed
with Securities and Exchange Commission under Form 10-K. The
company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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