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Helios & Matheson (HMNA) Receives Non-Compliance Notification From NASDAQ

March 15, 2010 3:01 PM EDT
Helios & Matheson North America Inc. (NASDAQ: HMNA) received a letter, dated March 9, 2010, from The NASDAQ Stock Market ("NASDAQ") stating that a deficiency exists with regard to NASDAQ Listing Rule 5550(a)(5) which requires a minimum market value of publicly held shares of $1,000,000. Based upon NASDAQ's review of the Company's market value of publicly held shares for the last 30 consecutive business days, the Company no longer meets this requirement.

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