inTEST Corporation Receives Nasdaq Non-Compliance Notice
April 09 2009 - 3:30PM
PR Newswire (US)
CHERRY HILL, N.J., April 9 /PRNewswire-FirstCall/ -- inTEST
Corporation (NASDAQ:INTT), an independent designer, manufacturer
and marketer of semiconductor automatic test equipment (ATE)
interface solutions and temperature management products, today
reported that, on April 6, 2009, it received a Nasdaq Staff
Deficiency letter indicating that it is not in compliance with the
filing requirement under Nasdaq Marketplace Rule 4310(c)(14) due to
its failure to timely file its Annual Report on Form 10-K for the
year ended December 31, 2008. The receipt of this letter was
anticipated, as previously reported in the Company's Form 8-K filed
on April 1, 2009. The notice further stated that Nasdaq rules
permit inTEST to submit a plan to regain compliance by no later
than June 5, 2009, or within 60 calendar days. Following a review
of this plan, Nasdaq staff can grant inTEST an exception, up to 180
calendar days from the due date of the 10-K, or until September 28,
2009, to regain compliance. inTEST currently anticipates regaining
compliance with the filing requirement by filing its Annual Report
on Form 10-K prior to June 5, 2009. About inTEST Corporation inTEST
Corporation is an independent designer, manufacturer and marketer
of ATE interface solutions and temperature management products,
which are used by semiconductor manufacturers to perform final
testing of integrated circuits (ICs) and wafers. The Company's
high-performance products are designed to enable semiconductor
manufacturers to improve the speed, reliability, efficiency and
profitability of IC test processes. Specific products include
positioner and docking hardware products, temperature management
systems and customized interface solutions. The Company has
established strong relationships with semiconductor manufacturers
globally, which it supports through a network of local offices. For
more information visit http://www.intest.com/. CONTACT: Hugh T.
Regan, Jr., Treasurer and Chief Financial Officer, inTEST
Corporation, 856-424-6886, ext 201. Forward-Looking Statements:
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements do not convey historical information, but relate
to predicted or potential future events that are based upon
management's current expectations. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements. In
addition to the factors mentioned in this press release, such risks
and uncertainties include, but are not limited to, changes in
business conditions and the economy, generally; changes in the
demand for semiconductors, generally; changes in the rates of, and
timing of, capital expenditures by semiconductor manufacturers;
progress of product development programs; increases in raw material
and fabrication costs associated with our products; implementation
of additional restructuring initiatives; costs associated with
compliance with Sarbanes Oxley and other risk factors set forth
from time to time in our SEC filings, including, but not limited
to, our periodic reports on Form 10-K and Form 10-Q. The Company
undertakes no obligation to update the information in this press
release to reflect events or circumstances after the date hereof or
to reflect the occurrence of anticipated or unanticipated events.
DATASOURCE: inTEST Corporation CONTACT: Hugh T. Regan, Jr.,
Treasurer and Chief Financial Officer, inTEST Corporation,
+1-856-424-6886, ext 201 Web Site: http://www.intest.com/
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