Zoom shot Technologies, Inc. (nasdaq: ZOOM SHOT) announced today that on November 16, 2007 received it a letter from nasdaq stock market, which indicated that zoom shot is not in accordance with market guideline 4310(c)(4), because the requirement closed its general stock under $1.00 for the last 30 following working-days.
In accordance with nasdaq market guideline 4310(c)(8)(D), zoom shot is one output period of 180 calender dates or until May 14, 2008, to recover observance made available. The letter indicates that nasdaq the staff supplies written report, which zoom shot obtained observance guideline 4310(c)(4) if at any time before May 14, 2008 closes the requirement of the general stock the zoom shot with $1.00 per portion or more for a minimum of 10 following working-days.
If zoom shot cannot show observance guideline 4310(c)(4) by May 14, 2008, nasdaq the staff places whether zoom shot meets nasdaq the capital market initials listing criteria, which are specified in nasdaq market guideline 4310(c) except the GebotanForderung firmly. If zoom shot meets the output listing criteria, nasdaq the staff communicates zoom shot that it was granted additional 180 a calender date observance period. If zoom shot not while an additional observance period is suitable, nasdaq the staff supplies written message that collateral of the zoom shot delisted is. If arises, zoom shot has the ability, in order to ask a resemblance within 7 days of the message from Delisting to. If zoom shot pleases, delisting the process, until the resemblance is heard, normally within approximately 45 days of resemblance of the zoom shot one remained usual.
If nasdaq a locking determination security of the zoom shot lets remove from the listing, nasdaq public proclamation of the expenditure of a Pressekommuniquã©s and of the entry of the message makes available on its web site. This public proclamation less than verb-rode 10 days before the Delisting effectively and remains communicated, until the Delisting is effective. After such general report nasdaq a request available for form 25 with the collateral and exchange commission (the “commission”) to delist security makes and places immediately a copy of this form 25 to the zoom shot. The form 25 and the Delisting of security will effective, 10 days after the form 25 in accordance with exchange act guideline 12d2 2(d)(1) is arranged, it is the commission such Delisting in accordance with guideline 12d2 2(d)(3) postpones.
If zoom shot can apply delisted, a market maker, around whom portions of the zoom shot is to be had, which is acted at the practicing RD cost expense notice board (the “OTCBB”). For suitably to be its portions on the OTCBB zoom shot act to let must remain present in its sec. archivings.
Over zoom shot technologies
Zoom shot Technologies, Inc. sketches, produced, markets and supports communication of products under the zoom shot, the Hayes. and the global village marks. Zoom shot is had in Boston, and its European sales and UnterstuetzunGSMitte is in Great Britain. Zoom shot markets its products inside over forty countries and gives multilingual support of its offices in Boston and in Great Britain. To more information about zoom shot and its products, see you please www.zoom.com.
Forwardlook from of statements
This release contains the forward looking of of information regarding plans of the zoom shot, expectations and intentions, including statements regarding future activities by zoom shot and nasdaq. These forwardlooking statements are not warranties of the future results or the activities and depend on dangers, uncertainties and acceptance, including which dangers, which are described in our archivings with the collateral and exchange commission, which could arrange our actual results to differ from those materially and unfavorably which were expressed in each possible forwardlooking statement. Zoom shot warns readers not to set excessive confidence according to possibly such forwardlooking statements which speak only starting from the formed date. Zoom shot disclaimed expressly each possible obligation or intending to release any updates or New editions to possibly such statements publicly in order to reflect each possible change in expectations of the zoom shot or any change in the cases, in the conditions or in the circumstance, on those such statement is possibly based.
For additional information contact: Robert Crist phone: 617-753-0698 email: investor@zoom.com
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