Leading Brands, Inc. Regains NASDAQ Listing Compliance
February 17 2010 - 7:36AM
Leading Brands, Inc. (Nasdaq:LBIXD), North America's only fully
integrated healthy branded beverage company, announces that it
today received a letter from the NASDAQ Stock Market advising that
the Company has regained compliance with the minimum bid price
requirement in Listing Rule 5550(a)(2), and met the requirements of
the NASDAQ Hearings Panel's decision dated December 8, 2009
(previously released). Accordingly, the Panel has determined to
continue the listing of the Company's securities on The NASDAQ
Stock Market. The Company's ticker symbol will revert to
'LBIX' on March 3, 2010.
About Leading Brands, Inc.
Leading Brands, Inc. (Nasdaq:LBIXD) is North America's only
fully integrated healthy beverage company. Leading Brands
creates, designs, bottles, distributes and markets its own
proprietary healthy beverage brands such as TrueBlue®,
LiteBlue®, PureBlue® and Caesar's® Cocktails
via its unique Integrated Distribution System (IDS™) which involves
the Company finding the best and most cost-effective route to
market preferred by each customer. The Company strives to use
the best natural ingredients, hence its mantra: Better
Ingredients - Better Brands.
The Leading Brands, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2681
Forward-Looking Statements
Certain information contained in this press release includes
forward-looking statements. Words such as "believe," "expect,"
"will," or comparable terms, are intended to identify
forward-looking statements concerning the Company's expectations,
beliefs, intentions, plans, objectives, future events or
performance and other developments. All forward-looking
statements included in this press release are based on information
available to the Company on the date hereof. Such statements
speak only as of the date hereof. Important factors that could
cause actual results to differ materially from the Company's
estimations and projections are disclosed in the Company's
securities filings and include, but are not limited to, the
following: general economic conditions, weather conditions,
changing beverage consumption trends, pricing, availability of raw
materials, economic uncertainties (including currency exchange
rates), government regulation, managing and maintaining growth, the
effect of adverse publicity, litigation, competition and other risk
factors described from time to time in securities reports filed by
Leading Brands, Inc.
Better Ingredients | Better Brands™
©2010 Leading Brands, Inc.
This news release is available at www.LBIX.com
CONTACT: Leading Brands, Inc.
(604) 685-5200
info@LBIX.com
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