Sontra Medical Corporation Regains Compliance with Nasdaq's Minimum Bid Price Requirement
September 07 2006 - 10:30AM
PR Newswire (US)
FRANKLIN, Mass., Sept. 7 /PRNewswire-FirstCall/ -- Sontra Medical
Corporation (NASDAQ:SONTD) announced today that, following its
recently completed reverse stock split, it has regained compliance
with the Nasdaq Capital Market's $1.00 minimum bid price
requirement for continued listing. On August 11, 2006, Sontra
completed a 1-for-10 reverse split of its Common Stock and since
such date the Company's Common Stock has traded under the current
symbol "SONTD". Effective at the opening of business on Monday,
September 11, 2006, the Company's Common Stock is expected to trade
once again under the symbol "SONT". About Sontra Medical
Corporation (http://www.sontra.com/) Sontra Medical Corporation is
a technology leader in transdermal science and is developing a
non-invasive, continuous transdermal glucose monitor ("CTGM") for
principal use in the Intensive Care Market. Through its platform
technology, the SonoPrep(R) Permeation System, combined with
technical competencies in transdermal drug formulation, analysis,
delivery systems and biosensors, the Company is creating a new
paradigm in transdermal drug delivery and diagnosis. The CTGM and
other company products are being developed for several billion
dollar market opportunities, all utilizing skin permeation,
chemistry and biosensor technology developed by the Company. In
addition, the Company is developing products for transdermal
delivery of large molecule drugs and vaccines. Any statements
contained in this press release that do not describe historical
facts may constitute forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties. The factors that could cause actual future results
to differ materially from current expectations include, but are not
limited to, risks and uncertainties relating to the Company's
ability to develop, market and sell products based on its
technology, including a continuous transdermal glucose monitor for
the hospital ICU market; the expected size of the market for the
continuous transdermal glucose monitor for the hospital ICU market;
the expected benefits and efficacy of the SonoPrep device in
connection with diagnostics, vaccine delivery, glucose monitoring
and transdermal science; the availability of substantial additional
funding to conduct research and development, clinical studies and
future product commercialization; and, the Company's business,
research, product development, regulatory approval, marketing and
distribution plans and strategies. These and other factors are
identified and described in more detail in our filings with the
SEC, including, without limitation, our respective annual reports
on Form 10-KSB for the year ended December 31, 2005, our most
recent quarterly reports on Form 10-QSB, and our current reports on
Form 8-K. We do not undertake to update these forward-looking
statements made by us. SonoPrep is a registered trademark of Sontra
Medical Corporation. All other company, product or service names
mentioned herein are the trademarks or registered trademarks of
their respective owners. Investor Relations Contact: Harry G.
Mitchell, CFO 508-530-0311 DATASOURCE: Sontra Medical Corporation
CONTACT: Harry G. Mitchell, CFO of Sontra Medical Corporation,
+1-508-530-0311, Web site: http://www.sontra.com/
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