RADCOM to Continue Listing on NASDAQ
July 02 2008 - 9:05AM
PR Newswire (US)
TEL AVIV, Israel, July 2 /PRNewswire-FirstCall/ -- RADCOM Ltd.
("RADCOM" or the "Company") (NASDAQ:RDCMD) (TASE:RDCM) today
announced that the NASDAQ Hearings Panel, following the Company's
regaining of compliance with the minimum bid price requirement of
$1.00 per share, has determined to continue the listing of RADCOM's
shares on the NASDAQ Capital Market. To achieve compliance, the
Company effected a one-for-four reverse share split of its
outstanding Ordinary Shares on June 16, 2008, decreasing the number
of its authorized Ordinary Shares to 9,997,670 and the number of
its Ordinary Shares outstanding to approximately 5,075,910. For a
period of 20 trading days, the Company's NASDAQ symbol has been
changed to RDCMD, and will return to RDCM on July 15, 2008.
Commenting on the news, Mr. Jonathan Burgin, Chief Financial
Officer, said, "We are very pleased to be able to continue listing
our shares on NASDAQ, a move we believe is important for
facilitating our liquidity and access to the public capital
markets." About RADCOM RADCOM develops, manufactures, markets and
supports innovative network test and service monitoring solutions
for communications service providers and equipment vendors. The
Company specializes in Next Generation Cellular as well as Voice,
Data and Video over IP networks. Its solutions are used in the
development and installation of network equipment and in the
maintenance of operational networks. The Company's products
facilitate fault management, network service performance monitoring
and analysis, troubleshooting and pre-mediation. RADCOM's shares
are listed on both the NASDAQ Capital Market and the Tel Aviv Stock
Exchange under the symbol RDCM. For more information, please visit
http://www.radcom.com/. Risks Regarding Forward-Looking Statements
Certain statements made herein that use the words "estimate,"
"project," "intend," "expect," "believe" and similar expressions
are intended to identify forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks
and uncertainties that could cause the actual results, performance
or achievements of the Company to be materially different from
those that may be expressed or implied by such statements,
including, among others, changes in general economic and business
conditions and specifically, decline in the demand for the
Company's products, inability to timely develop and introduce new
technologies, products and applications, and loss of market share
and pressure on prices resulting from competition. For additional
information regarding these and other risks and uncertainties
associated with the Company's business, reference is made to the
Company's reports filed from time to time with the United States
Securities and Exchange Commission. The Company does not undertake
to revise or update any forward-looking statements for any reason.
Contact: Jonathan Burgin CFO +972-3-645-5004 DATASOURCE: RADCOM
Ltd. CONTACT: Contact: Jonathan Burgin, CFO, +972-3-645-5004,
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