Business Services Industry

Nasdaq Gives Intraware Six-Month Extension of Deadline to Regain Compliance with Minimum Bid Price Rule

Business Wire, August 26, 2005

ORINDA, Calif. -- Intraware, Inc. (Nasdaq:ITRA), the leading provider of electronic software and license delivery and management solutions for enterprise technology companies, today announced that it has received a letter from The Nasdaq Stock Market extending until February 21, 2006, the deadline for the company to regain compliance with The Nasdaq SmallCap Market's $1.00 minimum bid price rule.

Intraware is seeking authorization from its stockholders for a one-for-ten reverse split of its common stock at the company's September 8, 2005, annual meeting of stockholders. An approval would grant the company's Board of Directors the discretion to implement the reverse stock split at any time until February 28, 2006.

About Intraware

Intraware, Inc. provides digital services that enable enterprise technology publishers to tie together licensing and software processes into a clean, simple customer experience. The Intraware SubscribeNet(R) service (patent pending) is a Web-based delivery and support solution that enables technology companies to deliver, track and manage the software, licenses and other digital content they distribute to their global customer bases. Intraware's digital delivery and management solutions power business-to-business technology providers including Progress Software Inc, Xilinx Inc., EMC Corporation, Sybase Inc., RSA Security Inc. and McKesson. Intraware is headquartered in Orinda, California and can be reached at 888-797-9773 or http://www.intraware.com.

(C) 2005 Intraware, Inc. Intraware is a registered trademark of Intraware, Inc. Any other company or product names mentioned herein are the trademarks of their respective owners.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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