Verso Regains Nasdaq Compliance
October 26 2005 - 11:13AM
Business Wire
Verso Technologies, Inc. (Nasdaq: VRSOD), a leading provider of
packet-based solutions, announced today that it has been notified
by The Nasdaq Stock Market that, as a result of the closing bid
price of the Verso common stock equaling or exceeding $1.00 per
share for a period of at least 10 consecutives trading days, the
company has regained compliance with Nasdaq's Marketplace Rule
4310(c)(4) for continued inclusion of the company's common stock in
the Nasdaq SmallCap Market. Accordingly, the Company is in full
compliance with the Nasdaq's continued listing requirements and the
Company is not required to take any further action. About Verso
Technologies Verso is a leading provider of next generation
communication solutions for service providers that want to lower
their communication infrastructure costs and enhance service
capabilities without sacrificing reliability, scalability and
quality of service. With an extensive solutions portfolio that
extends from the core to the edge of a network, Verso enables
customers to leverage legacy technology investments towards
converged networks that are faster and more cost-effective to
deploy and easier and more flexible to manage. Verso solutions are
currently deployed in customer networks in over 120 countries. For
more information, contact Verso at www.verso.com or call
678.589.3500.
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