Velocity Maintains NASDAQ Listing

Transport Topics, January, 2008 by Anonymous

Parcel carrier Velocity Express Corp., Westport, Conn., said Jan. 3 that it has regained compliance for continued listing on the NASDAQ Stock Market after the company completed a 1-for-15 reverse stock split that pushed the company's shares above the exchange's minimum per-share price of $1.

Velocity said it first received a notice of noncompliance with NASDAQ's minimum share price requirement in late June.

In addition, Velocity said its ticker symbol on NASDAQ will revert to VEXP on Ian. 8. In the days following the Dec. 7 reverse stock split, the company's stock had traded under the temporary ticker symbol VEXPD. - Transport Topics