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CardioDynamics Regains Compliance With NASDAQ Listing Requirements |
| Companies mentioned in this article: |
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CardioDynamics |
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| 5/27/2008 @ 8:19 AM
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CardioDynamics International Corporation (NASDAQ:CDICD) , the innovator and leader of impedance cardiography (ICG) technology, today announced that it has regained compliance with Nasdaq listing requirements. On May 23, 2008, the Company received notification from Nasdaq that it is once again in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Marketplace Rule 4310(c)(4) and that the Company's non-compliance announced on April 18, 2008, has been remedied.
Michael K. Perry, CardioDynamics Chief Executive Officer, stated, "We are pleased to regain compliance with the Nasdaq listing requirements and have the immediate threat of delisting now clearly behind us. Investor response has been favorable to the reverse split with our share price advancing during challenging market conditions. We believe the reinstated Nasdaq compliance coupled with our recent five consecutive quarters of revenue growth, international sales momentum, continued growth plan for 2008, and intense focus on achieving positive operating cash flow by the fourth quarter are solid catalysts for growth in shareholder value."
About CardioDynamics:
CardioDynamics, the ICG Company, is the innovator and leader of an important medical technology called impedance cardiography. The Company develops, manufactures and markets noninvasive diagnostic and monitoring technologies and medical device electrodes. The Company's ICG Systems are being used by physicians around the world to help battle the number one killer of men and women -- cardiovascular disease. Partners include GE Healthcare, Philips Medical Systems and Mindray. For additional information, please refer to the company's Web site at www.cdic.com/. |
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