PECO II Regains Compliance with Nasdaq Continued Listing Requirement
May 27 2008 - 4:35PM
PR Newswire (US)
GALION, Ohio, May 27 /PRNewswire-FirstCall/ -- PECO II, Inc.
(NASDAQ:PIIID), a manufacturer of communications power systems and
full-service provider of engineering and installation on-site
services to the communications industry, announced today that it
has been notified by the Nasdaq Listing Qualifications Panel that
the Company has regained compliance with the minimum bid price
requirement for the Nasdaq Capital Market and that the matter is
now closed. Nasdaq requires companies to maintain a bid price at or
above $1.00, and PECO II regained compliance by maintaining a
closing bid price above $1.00 for at least 10 consecutive trading
days. Common shares of PECO II will continue to trade on the Nasdaq
Capital Market under the symbol PIIID for the remainder of 20
trading days after a reverse split went into effect on May 7, 2008.
After that period, trading will resume under the symbol PIII. About
PECO II, Inc. PECO II, headquartered in Galion, Ohio, provides
engineering and on-site installation services and designs,
manufactures and markets communications power systems and power
distribution equipment. As the largest independent full-service
provider of telecommunications power systems, the Company provides
total power quality and reliability solutions, and supports the
power infrastructure needs of communications service providers in
the local exchange, long-distance, wireless, broadband and Internet
markets. Additional information about PECO II can be found at
http://www.peco2.com/ . DATASOURCE: PECO II, Inc. CONTACT: Kevin
Borders, Vice President of Marketing and Product Development and
Secretary, of PECO II, Inc., +1-419-468-7600 Web site:
http://www.peco2.com/
Copyright
Peco II (MM) (NASDAQ:PIIID)
Historical Stock Chart
From Jun 2024 to Jul 2024
Peco II (MM) (NASDAQ:PIIID)
Historical Stock Chart
From Jul 2023 to Jul 2024