OAKLAND, N.J., March 19 /PRNewswire-FirstCall/ -- Media Sciences
International, Inc. (Nasdaq: MSII) today announced that it received
a NASDAQ Staff Determination on March 16,
2010 indicating that the Company has not regained compliance
with the $1.00 minimum bid price
requirement for continued listing set forth in NASDAQ Marketplace
Rule 5550(a)(2), and that the Company's securities are, therefore,
subject to delisting from The NASDAQ Capital Market. The
Company has requested a hearing before a Hearings Panel to review
the Staff Determination. The request for a hearing will stay
the delisting pending the Panel's decision. There can be no
assurance that the Panel will grant the Company's request for
continued listing.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20020604/NYTU016LOGO)
Media Sciences International, Inc. is the leading independent
manufacturer of new build solid ink and color toner cartridges for
office color printers. As the premium quality color toner and solid
ink alternative to the printer manufacturer's brand, Media
Sciences' 100% newly manufactured color toner and solid ink
products for use in Dell®, Konica Minolta®, OKI®, Ricoh®, Samsung®,
and Xerox® and many other color printers deliver significant
savings when compared to the printer manufacturers brand.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This message may contain forward-looking
statements based on our current expectations, estimates and
projections about our industry, management's beliefs, and certain
assumptions made by us. Words such as ''anticipates,'' ''expects,''
''intends,'' ''plans,'' ''believes,'' ''seeks,'' ''estimates,''
''may,'' ''will'' and variations of these words or similar
expressions are intended to identify forward-looking statements.
These statements include, but are not limited to, the possibility
that the Company's plan for regaining compliance with NASDAQ
listing requirements will not be satisfactory to the NASDAQ Panel
and/or that the NASDAQ Panel will not grant the Company's request
or that the Company's stock price could decline further. Such
statements speak only as of the date hereof and are subject to
change. We undertake no obligation to revise or update publicly any
forward-looking statements for any reason. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict.
Therefore, our actual results could differ materially and adversely
from those expressed in any forward-looking statements as a result
of various factors.
For more information on the Company, its products, and its
programs, visit www.mediasciences.com, E-mail
info@mediasciences.com, or call 201.677.9311.
Web site: http://www.mediasciences.com
SOURCE Media Sciences International, Inc.