Focus Enhancements (FCSE) Receives Delisting Notification From NASDAQ
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Focus Enhancements, Inc. (NASDAQ: FCSE) received a letter from The Nasdaq Stock Market notifying the company that it fails to comply with the market value of public listed securities requirement for continued listing set forth in Marketplace Rule 4310(c)(3)(B). Such rule requires that the company's market value not be below $35,000,000 for ten consecutive trading days. According to Nasdaq, as of June 13, 2008, the company's listed securities market value was $30,214,960. The company has until July 16, 2008, to regain compliance with the rule for a minimum of ten consecutive business days. If the company is unable to comply by such date, the Nasdaq staff will notify the company in writing that the company's securities will be de-listed. The company may appeal the Nasdaq Staff's determination at that time.
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