Comstock Regains Compliance With NASDAQ Stockholders' Equity Rule
November 30 2009 - 4:45PM
Marketwired
Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) ("Comstock" or
the "Company") today announced that on November 25, 2009, it had
received notice from the NASDAQ Listing Qualifications Panel that
the Company has regained compliance with the stockholders' equity
requirement in Listing Rule 5550(b)(1). Accordingly, the Panel has
determined to continue the listing of the Company's securities on
the NASDAQ Capital Market.
About Comstock Homebuilding Companies, Inc.
Established in 1985, Comstock Homebuilding Companies, Inc. is a
publicly traded, diversified real estate development firm with a
focus on a variety of for-sale residential products. The company
currently actively markets its products under the Comstock Homes
brand in the Washington, D.C. metropolitan area and the Raleigh, NC
market. Comstock Homebuilding Companies, Inc. trades on NASDAQ
under the symbol CHCI. For more information on the Company or its
projects please visit www.comstockhomebuilding.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains "forward-looking" statements that are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties that may cause actual
future results to differ materially from those projected or
contemplated in the forward-looking statements. Additional
information concerning these and other important risks and
uncertainties can be found under the heading "Risk Factors" in the
Company's most recent Form 10-K, as filed with the Securities and
Exchange Commission on March 31, 2009. Comstock specifically
disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future
developments or otherwise.
Contact: Jeff Dauer 703.883.1700
Comstock Holding Companies (NASDAQ:CHCI)
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