Raining Data Corporation Announces Receipt of a Nasdaq Letter Stating That the Company Is Now in Compliance With Nasdaq Marketp
July 24 2006 - 4:40PM
PR Newswire (US)
IRVINE, Calif., July 24 /PRNewswire-FirstCall/ -- Raining Data
Corporation (NASDAQ:RDTA) previously announced that as a result of
the delay in the filing of its Form 10-KSB for the fiscal year
ended March 31, 2006, it had received a Nasdaq Stock Market
("Nasdaq") Staff Determination letter on July 18, 2006 indicating
that the Company was not in compliance with Nasdaq Marketplace Rule
4310(c)(14) and, therefore, the Company's securities would be
delisted from Nasdaq at the opening of business on July 27, 2006,
unless the Company requested a hearing in accordance with Nasdaq
Marketplace Rules. On July 24, 2006, the Company filed its Form
10-KSB for the fiscal year ended March 31, 2006 and received a
letter from Nasdaq stating that, as a result of the filing of such
Form 10-KSB, the Nasdaq Staff has determined that the Company
complies with Nasdaq Marketplace Rule 4310(c)(14) and, accordingly,
this matter is now closed. About Raining Data Raining Data
Corporation (NASDAQ:RDTA), headquartered in Irvine, California,
offers enterprise-grade XML database management and information
aggregation software solutions and has been providing reliable data
management and rapid application deployment solutions for ISVs and
developers of database applications for more than three decades.
Raining Data's flagship products include: 1) The High-performance
TigerLogic(R) XML Data Management Server (XDMS), which provides
flexible, scalable and extensible XML data storage as well as query
and retrieval of critical business data across a variety of
structured and unstructured information sources, delivering
mid-tier scalability and transactional integrity across
heterogeneous enterprise databases as well as dynamic extensibility
and ease of use, mostly found in repositories and file systems; 2)
Powerful Pick(R) Universal Data Model (Pick UDM) based database
management systems and components, including D3(R), mvEnterprise(R)
and mvBase(R) that are the choice of more than a thousand
application developers worldwide and .NET Integration components
including the Pick Data Provider for .NET and the Pick Reporting
Services Connector; and 3) Omnis Studio(R), a powerful,
cross-platform, object-oriented RAD tool for developing
sophisticated thick-client, Web-client or ultra thin-client
database applications. Raining Data's installed customer base
includes more than 500,000 active users representing over 20,000
customer sites worldwide, with a significant base of diverse
vertical applications. With more than 160 employees and contractors
in five countries, Raining Data offers 24x7 customer support and
maintains a strong international presence. More information about
Raining Data Corporation and its products can be found at
http://www.rainingdata.com/. Except for the historical statements
contained herein, the foregoing release may contain forward-looking
statements. These forward-looking statements are subject to risks
and uncertainties, and actual results could differ materially due
to several factors, including but not limited to the success of the
Company's research and development efforts to develop new products
and to penetrate new markets, the market acceptance of the
Company's new products and updates, technical risks related to such
products and updates, the Company's ability to maintain market
share for its existing products, the availability of adequate
liquidity and other risks and uncertainties. Please consult the
various reports and documents filed by Raining Data Corporation
with the U.S. Securities and Exchange Commission, including but not
limited to the Company's most recent reports on Form 10-KSB and
Form 10-QSB for factors potentially affecting the Company's future
financial results. All forward-looking statements are made as of
the date hereof and the Company disclaims any responsibility to
update or revise any forward-looking statement provided in this
news release. The Company's results for the quarter and fiscal year
ended March 31, 2006 are not necessarily indicative of the
Company's operating results for any future periods. Raining Data,
Pick, mvDesigner, D3, mvEnterprise, mvBase, Omnis, Omnis Studio and
TigerLogic are trademarks of Raining Data Corporation. All other
trademarks and registered trademarks are properties of their
respective owners. DATASOURCE: Raining Data Corporation CONTACT:
Thomas G. Lim, Chief Financial Officer of Raining Data Corporation,
+1-949-442-4400, or fax, +1-949-250-8187, Web site:
http://www.rainingdata.com/
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