InfoSonics Granted Extension by NASDAQ
SAN DIEGO, Oct. 5, 2011 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON) today announced that it received notification from the NASDAQ Stock Market indicating that the Company was granted an additional 180 day period to regain compliance with NASDAQ Rule 5550(a)(2) that requires listed securities to maintain a minimum bid price of $1.00 per share. The Company now has until April 2, 2012 to regain compliance by demonstrating that the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of ten consecutive business days.
About InfoSonics Corporation
InfoSonics designs, develops and manufactures wireless handsets and related products. The Company sells to OEMs, carriers and distributors in Latin America and Asia Pacific under its proprietary verykool® brand and other private label brands. Additional information can be found on our corporate website at www.infosonics.com and www.verykool.net.
SOURCE InfoSonics Corporation
RELATED LINKS
http://www.infosonics.com
More by this Source
InfoSonics Reports First Quarter 2013 Results
May 14, 2013, 09:00 ET
InfoSonics Expands its Ruggedized Lineup with Introduction of the verykool® RS75 Smartphone
May 13, 2013, 09:00 ET
InfoSonics Reports Fourth Quarter 2012 Results
Mar 22, 2013, 09:00 ET
Featured Video
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.