Natural Health Trends Receives Non-Compliance Notification Letter from NASDAQ
April 05 2019 - 4:01PM
Natural Health Trends Corp. (NASDAQ: NHTC), a leading
direct-selling and e-commerce company that markets premium quality
personal care, wellness and “quality of life” products under the
NHT Global brand, today announced that it received a customary
notification letter from The Nasdaq Stock Market LLC (“Nasdaq”)
stating that the Company is not in compliance with Nasdaq Listing
Rule 5250(c)(1), which requires the timely filing of all required
periodic reports with the Securities and Exchange Commission
(“SEC”). The April 4, 2019 letter was sent as a result of the
Company’s delay in filing its Annual Report on Form 10-K for the
year ended December 31, 2018. The Nasdaq notification letter has no
immediate effect on the listing or trading of the Company’s common
stock.
On March 18, 2019, the Company filed a Notification of Late
Filing on Form 12b-25 indicating that the filing of the Form 10-K
would be delayed until management has completed its assessment of
the Company’s internal control over financial reporting and the
Company’s independent registered accounting firm has completed its
integrated audit. The Company had initially anticipated the Form
10-K would be filed prior to the extension date of April 2, 2019
and is working diligently with its independent registered
accounting firm, Marcum LLP, to file the Form 10-K with the SEC as
soon as practicable.
Per the notification letter, the Company must submit a plan to
regain compliance with Nasdaq’s continued listing standards by no
later than June 3, 2019. The Company can also regain compliance at
any time before June 3, 2019 by filing the Form 10-K with the SEC,
as well as any subsequent periodic financial reports that may
become due, and continuing to comply with Nasdaq’s other continued
listing requirements.
About Natural Health Trends Corp.Natural Health
Trends Corp. (NASDAQ: NHTC) is an international direct-selling and
e-commerce company operating through its subsidiaries throughout
Asia, the Americas, and Europe. The Company markets premium
quality personal care products under the NHT Global brand.
Additional information can be found on the Company’s website at
www.naturalhealthtrendscorp.com.
Forward-Looking StatementsSafe Harbor Statement
under the Private Securities Litigation Reform Act of 1995 --
Forward-looking statements in this press release do not constitute
guarantees of future performance. Such forward-looking
statements are subject to risks and uncertainties that could cause
the Company’s actual results to differ materially from those
anticipated. Such risks and uncertainties include the risks
and uncertainties detailed under the caption “Risk Factors” in
Natural Health Trends Corp.’s Annual Report on Form 10-K filed on
March 27, 2018 with the Securities and Exchange Commission.
The Company assumes no obligation to update any forward-looking
information contained in this press release or with respect to the
announcements described herein.
CONTACTS:
Company Contact:Scott DavidsonSenior Vice
President and Chief Financial OfficerNatural Health Trends Corp.Tel
(Hong Kong): +852-3107-0800 Tel (U.S.): 310-541-0888
scott.davidson@nhtglobal.com
Investor Contact:ADDO Investor RelationsTel:
310-829-5400investor.relations@nhtglobal.com
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