Channell (CHNL) Regains Full Compliance With Nasdaq
Channell Commercial Corporation (Nasdaq: CHNL) announced that on June 1, 2007 the Company received a letter from the Nasdaq Stock Market notifying the Company that it has regained compliance with the audit committee requirements set forth in Nasdaq Marketplace Rule 4350(d)(2) as a result of the May 22, 2007 appointment of Stephen Gill to the Company's audit committee.
Based on the foregoing, and as previously announced, based on the Company's having already regained compliance with the majority independent board requirements of Nasdaq Marketplace Rule 4350(c), Nasdaq has informed the Company that the Company is in compliance with Nasdaq Marketplace Rule 4350 and that this matter is closed
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