It looks like VocalTech needs a little boost as it has received NASDAQ Staff Deficiency Letter on February 5th, 2008. The Staff Deficiency Letter indicates that VocalTec had failed to meet the terms of Nasdaq, with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4320(e)(2)(E)(ii). The letter says that the company has until August 4, 2008 to regain compliance. Compliance will be regained if during the period ending on August 4, 2008 the bid price of the Company's shares closes at $1.00 per share or more for a minimum of 10 consecutive business days.
VocalTech is exploring different avenues to remedy the situation and the following news release, mentiones that over 50 telecom service providers and partners have deployed VocalTec’s Essentra™ VoIP solutions on the IBM System x server platform. This certainly should boost the morale as well as the stock price.
"We are very pleased that the telecommunications community is recognizing the value of our Essentra solutions,” said Yair Golan, VP Marketing and Business Development at VocalTec Communications. “The combination of IBM’s advanced server technology together with our Essentra VoIP Software results in a robust solution for our service provider customers, meeting their stringent requirement for reliable service delivery. This relationship demonstrates VocalTec’s commitment to delivering superior value to our customers.”
tag: voip news, VoIP business, Vocaltech, NASDAQ Staff Deficiency Letter, NASDAQ
