NationsHealth Receives Nasdaq Notification
16 September 2006 - 12:25AM
PR Newswire (US)
SUNRISE, Fla., Sept. 15 /PRNewswire-FirstCall/ -- NationsHealth,
Inc. (NASDAQ:NHRXNASDAQ:NHRXWNASDAQ:NHRXU) announced today that on
September 12, 2006 it was advised by the Nasdaq Listing
Qualifications Department that for the last 30 consecutive trading
days, the Company's common stock has not maintained a minimum
market value of publicly held shares ("MVPHS") (i.e. the Company's
total shares outstanding less any shares held by officers,
directors or beneficial owners of 10 percent or more) of at least
$15,000,000 as required for continued listing on the NASDAQ Global
Market (formerly the NASDAQ National Market) under Marketplace Rule
4450 (b)(3). The Company was provided 90 calendar days to regain
compliance with the MVPHS deficiency by achieving a MVPHS of the
Company's common stock of at least $15,000,000 or more for 10
consecutive trading days at any time before December 11, 2006. The
Company is currently evaluating its alternatives to resolve the
listing deficiency. If the Company does not resolve the listing
deficiency, the Company may apply for listing on The Nasdaq Capital
Market. The Company currently is in compliance with the listing
standards of The Nasdaq Capital Market. About NationsHealth, Inc.
NationsHealth improves the delivery of healthcare to Medicare and
managed care beneficiaries by providing medical products and
prescription related services. NationsHealth has an agreement with
CIGNA to offer their Medicare Part D prescription drug plans
nationally. In addition, NationsHealth provides home delivery of
diabetes and ostomy medical products to over 102,000 patients.
NationsHealth is also the provider of diabetes supplies to over
12,000 Medicare beneficiaries at over 1,100 Kmart pharmacies. For
more information please visit http://www.nationshealth.com/. This
press release contains forward-looking statements about
NationsHealth, including statements regarding management
initiatives, efforts to streamline operations, projections with
respect to enrollment and market opportunities for Part D and
specialty pharmacy programs and future financial results, none of
which should be construed in any manner as a guarantee that such
results will in fact occur. In addition, other written or oral
statements that constitute forward-looking statements may be made
by us or on our behalf. Forward-looking statements are statements
that are not historical facts, and in some cases may be identified
by the words "anticipate," "project," "expect," "plan," "intend,"
"may," "should," "will," and similar words or phrases. Such
forward-looking statements, based upon the current beliefs and
expectations of NationsHealth's management, are subject to risks
and uncertainties, which could cause actual results to differ from
the forward-looking statements. The following factors, among
others, could cause actual results to differ from those set forth
in the forward-looking statements: our ability to maintain our
existing customer base; our customers' desire to take advantage of
our Part D and specialty pharmacy services; uncertainty in our
costs incurred in administering the Part D program; changes in
Medicare, Medicaid, Tricare, Champus and any other state or
national-based reimbursement program; changing interpretations of
generally accepted accounting principles; outcomes of government
reviews of NationsHealth's business practices; inquiries and
investigations and related litigation; continued compliance with
government regulations; legislation or regulatory requirements or
changes adversely affecting the businesses in which NationsHealth
is engaged; fluctuations in customer demand; management of rapid
growth; our ability to compete effectively; timing and market
acceptance of new products sold by NationsHealth; general economic
conditions; and geopolitical events, regulatory changes and other
risks and uncertainties described in NationsHealth's Annual Report
on Form 10-K for the year ended December 31, 2005, Quarterly Report
on Form 10-Q for the quarter ended March 31, 2006 and
NationsHealth's other reports filed with the Securities and
Exchange Commission. The information set forth herein should be
read in light of such risks. NationsHealth cautions investors not
to place undue reliance on the forward-looking statements contained
herein. These statements speak only as of the date of this press
release and, except as required by applicable law, NationsHealth
assumes no obligation to update the information contained herein.
At NationsHealth: At Rx Communications Group: Timothy Fairbanks,
CFO Melody A. Carey (investors) 954-903-5018 917-322-2571
DATASOURCE: NationsHealth, Inc. CONTACT: Timothy Fairbanks, CFO of
NationsHealth, +1-954-903-5018; or investors: Melody A. Carey of Rx
Communications Group, +1-917-322-2571 Web site:
http://www.nationshealth.com/
Copyright
Nationshealth Wrrts (MM) (NASDAQ:NHRXW)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Nationshealth Wrrts (MM) (NASDAQ:NHRXW)
Historical Stock Chart
Von Jun 2023 bis Jun 2024