Glowpoint Regains Compliance With NYSE American Continued Listing Standards
April 23 2019 - 7:00AM
Glowpoint, Inc. (NYSE American: GLOW) (“Glowpoint” or the
“Company”), a managed service provider of video collaboration and
network applications, announced today that on April 22, 2019, the
NYSE American LLC (“NYSE American”) notified Glowpoint that the
Company has successfully regained compliance with the NYSE
American’s continued listing standards related to price per share
set forth in Section 1003(f)(v) of the NYSE American Company Guide
(the “Company Guide”).
As previously disclosed, on July 5, 2018, the
Company received a letter (the “Deficiency Letter”) from the NYSE
American stating that it was not in compliance with the continued
listing standards set forth in Section 1003(f)(v) of the Company
Guide as a result of the then-existing low trading price of the
Company’s common stock. As set forth in the Deficiency Letter, the
continued listing of the Company’s common stock on the NYSE
American was predicated on the Company demonstrating sustained
price improvement within a reasonable period of time. As a
result of management’s efforts to regain compliance, the NYSE
American has informed the Company that it is now in full compliance
with the NYSE American’s continued listing standards set forth in
Part 10 of the Company Guide and that the “.BC” designation will be
removed from the “GLOW” trading symbol effective as of the
commencement of trading on April 23, 2019. In addition, the Company
will be removed from the list of NYSE American noncompliant issuers
on the exchange’s website.
About Glowpoint
Glowpoint, Inc. (NYSE American: GLOW) is a
managed service provider of video collaboration and network
applications. Our services are designed to provide a
comprehensive suite of automated and concierge applications to
simplify the user experience and expedite the adoption of video as
the primary means of collaboration. Our customers include
Fortune 1000 companies, along with small and medium sized
enterprises in a variety of industries. To learn more please
visit www.glowpoint.com.
Forward looking and cautionary statements
This press release and any oral statements made
regarding the subject of this release contain forward-looking
statements as defined under Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and are made under the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, that address
activities that Glowpoint assumes, plans, expects, believes,
intends, projects, estimates or anticipates (and other similar
expressions) will, should or may occur in the future are
forward-looking statements. Glowpoint’s actual results may
differ materially from its expectations, estimates and projections,
and consequently you should not rely on these forward-looking
statements as predictions of future events. Without limiting the
generality of the foregoing, forward-looking statements contained
in this press release include statements regarding the continued
compliance of Glowpoint with the NYSE American’s continued listing
standards. The forward-looking statements are based on management’s
current belief, based on currently available information, as to the
outcome and timing of future events, and involve factors, risks,
and uncertainties that may cause actual results in future periods
to differ materially from such statements. A list and
description of these and other risk factors can be found in the
Company’s Annual Report on Form 10-K for the year ending December
31, 2018 and in other filings made by the Company with the SEC from
time to time. Any of these factors could cause Glowpoint’s
actual results and plans to differ materially from those in the
forward-looking statements. Therefore, Glowpoint can give no
assurance that its future results will be as estimated.
Glowpoint does not intend to, and disclaims any obligation to,
correct, update or revise any information contained herein.
INVESTOR CONTACT: Investor Relations Glowpoint,
Inc. +1 303-640-3840 investorrelations@glowpoint.com
www.glowpoint.com
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