This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:AERT Nasdaq Compliance Update 2009-10-13 13:30 ET - News Release SPRINGDALE, Ark., Oct. 13, 2009 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastics recycler and manufacturer of Green building products, announced today that the company recently received a Nasdaq Staff Determination notifying the company that it had not regained compliance with Listing Rule 5550(a)(2) (the "Rule") by the Company's extended compliance period which ended October 2, 2009. The letter also states that pursuant to Listing Rule 5810(d), the Company may present its views regarding the deficiency to the Hearings Panel, as previously offered in regard to the Company's minimum equity or net income deficiency.
"AERT appreciates the willingness of the Panel to work with the Company through this very difficult economic period. The Company understands and respects the rules and will submit its updated plan to the Nasdaq Listing Qualifications Panel," stated AERT CEO, Joe Brooks. Nasdaq makes available to investors a list of all non-compliant companies, which is posted at http://www.nasdaq.com/services/insidenasdaq.stm. As of October 9, 2009, there were 204 companies listed as out of compliance, of which 160 were bid price deficient.
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