Leading Brands, Inc. Announces That NASDAQ Has Extended Compliance Period for US$1.00...
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Leading Brands, Inc. Announces That NASDAQ Has Extended Compliance Period for
US$1.00 Minimum Bid Price to March 16, 2009 From December 10, 2008
VANCOUVER, British Columbia, Oct. 23, 2008 (GLOBE NEWSWIRE) -- Leading Brands,
Inc. (Nasdaq:LBIX), North America's only fully integrated healthy branded
beverage company, has received notice that NASDAQ will not enforce its minimum
US$1.00 bid price or market value requirements until March 16, 2009, an
extension from the previous deadline of December 10, 2008.
The Company will proceed with its extraordinary meeting seeking authorization to
undertake a consolidation of its shares, but will hold off implementing same in
keeping with the newly extended timeline.
About Leading Brands, Inc.
Leading Brands, Inc. (Nasdaq:LBIX) is North America's only fully integrated
healthy beverage company. Leading Brands creates, designs, bottles, distributes
and markets its own proprietary premium beverage brands such as TrueBlue(r)
Blueberry Juice, LiteBlue(r) Blueberry Juice, STOKED(tm) Energy Drinks, INFINITE
Health(r) Water, DIE HARD(tm) Sports Energy Drink and Caesar's(r) Cocktails via
its unique Integrated Distribution System (IDS)(tm) which involves the Company
finding the best and most cost-effective route to market. The Company strives to
use the best natural ingredients hence its mantra: Better Ingredients -- Better
Brands.
Forward Looking Statements
Certain information contained in this press release includes forward-looking
statements. Words such as "believe," "expect," "will," or comparable terms, are
intended to identify forward-looking statements concerning the Company's
expectations, beliefs, intentions, plans, objectives, future events or
performance and other developments. All forward-looking statements included in
this press release are based on information available to the Company on the date
hereof. Such statements speak only as of the date hereof. Important factors that
could cause actual results to differ materially from the Company's estimations
and projections are disclosed in the Company's securities filings and include,
but are not limited to, the following: general economic conditions, weather
conditions, changing beverage consumption trends, pricing, availability of raw
materials, economic uncertainties (including currency exchange rates),
government regulation, managing and maintaining growth, the effect of adverse
publicity, litigation, competition and other risk factors described from time to
time in securities reports filed by Leading Brands, Inc.
Better Ingredients -- Better Brands(tm)
This news release is available at www.LBIX.com
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CONTACT: Leading Brands, Inc.
(604) 685-5200
info@LBIX.com
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