SHENZHEN, China, Jan. 12, 2015 /PRNewswire/ -- Viewtran Group,
Inc. (NASDAQ: VIEW) ("Viewtran" or the "Company"), a provider of
medical and healthcare devices, energy saving equipment and
complementary technology and engineering services in China, today announced that on January 7, 2015, the Company received a letter
from the Listing Qualifications Department of The NASDAQ Stock
Market LLC ("Nasdaq") stating that Nasdaq's staff (the "Staff") had
determined that Viewtran is not in compliance with Listing Rule
5250(c)(2) (the "Rule"), which requires that the Company file its
six-month financial information with the SEC on a Form 6-K by no
later than six months after the end of the Company's second fiscal
quarter.
The Company has until March 9,
2015 to submit a plan to regain compliance. If the
Staff accepts the Company's plan to regain compliance, the Staff
can grant an extension of up to 180 calendar days from December 31, 2014 for the Company to demonstrate
compliance. The Company is currently working on its six
months financial statements for filing as soon as possible.
About Viewtran Group, Inc.:
Viewtran Group, Inc. (Nasdaq: VIEW) is a provider of medical and
healthcare devices, energy saving equipment and complementary
technology and engineering services in China.
Safe Harbor Statement:
This press release includes certain statements that are not
descriptions of historical facts, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities and Exchange Act of 1934.
These forward-looking statements may include statements about our
proposed discussions related to our business or growth strategy,
which are subject to change. Such information is based upon
expectations of our management that were reasonable when made, but
may prove to be incorrect. All such assumptions are inherently
subject to uncertainties and contingencies beyond our control and
upon assumptions with respect to future business decisions, which
are subject to change. For further descriptions of other risks and
uncertainties, see our most recent Annual Report filed with the
Securities and Exchange Commission (SEC) on Form 20-F, and our
subsequent SEC filings. Copies of filings made with the SEC are
available through the SEC's electronic data gathering analysis
retrieval system (EDGAR) at www.sec.gov.
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SOURCE Viewtran Group, Inc.