Entorian Receives NASDAQ Notice Letter
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AUSTIN, Texas--(Business Wire)-- On July 21, 2008, Entorian Technologies Inc. (NASDAQ: ENTN) received a letter from The NASDAQ Stock Market notifying it that for the 30 consecutive business days preceding the date of the letter, the bid price of its common stock closed below the $1.00 per-share requirement for continued inclusion on The NASDAQ Global Market pursuant to NASDAQ Marketplace Rule 4450(a)(5). In accordance with NASDAQ Marketplace Rule 4450(e)(2), the company has 180 calendar days from the date of the NASDAQ letter, or until January 20, 2009, to regain compliance. To regain compliance, the closing bid price of the company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to January 20, 2009. This notification will not impact the listing of Entorian's common stock at this time. The company's common stock will continue to trade on the NASDAQ Global Market under the symbol "ENTN." About Entorian Technologies Entorian Technologies Inc. (NASDAQ: ENTN) is a leading provider of advanced module and system-level products for demanding high-reliability and high-performance markets. With an IP portfolio of more than 200 patents and pending patent applications, the company offers high-speed, high-capacity solutions, and technology licensing. Headquartered in Austin, Texas, Entorian operates an ISO-certified manufacturing facility in Reynosa, Mexico. Entorian's subsidiary, Augmentix Corporation, provides military, enterprise and government customers with mission-critical computing solutions for rugged environments. Augmentix servers and mobile products combine best-in-class technologies and standardized components from industry leader Dell, with proven ruggedization methods from Augmentix. Its rugged systems are environmentally robust and technologically advanced. For more information, go to www.entorian.com and www.augmentix.com. Entorian is a trademark of Staktek Group LP. Entorian Technologies Inc. Kirk Patterson, 512-454-9531 Senior Vice President and CFO investors@entorian.com or Investor: Shelton Group - Investor Relations For Entorian Technologies Inc. Beverly Twing, 972-972-239-5119x126 investors@entorian.com Copyright Business Wire 2008
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