MSGI Security Solution's (MSGI) Executive Management Presented Plan to NASDAQ Listings Qualification Panel
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MSGI Security Solutions, Inc. (NASDAQ: MSGI) announced that on August 31st executive management of MSGI appeared before a closed NASDAQ Listing Qualifications Panel, regarding the stockholder equity deficiency as reported for the nine period ended March 30, 2006.
The executive management of MSGI made a presentation to the NASDAQ Listings Qualification Panel which contained certain plans to bring it into compliance with Marketplace Rule 4310 (C) (2)(B) pertaining to minimum levels of stockholders' equity for continued listing.
The Company will continue to move forward on its plan of compliance while awaiting the decision of the NASDAQ Listing Qualification Panel which is expected within 30 days from its appearance before the panel.
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