Business Services Industry
Verso Regains Nasdaq Compliance
Business Wire, Oct 26, 2005
ATLANTA -- Verso Technologies, Inc. (Nasdaq: VRSOD), a leading provider of packet-based solutions, announced today that it has been notified by The Nasdaq Stock Market that, as a result of the closing bid price of the Verso common stock equaling or exceeding $1.00 per share for a period of at least 10 consecutives trading days, the company has regained compliance with Nasdaq's Marketplace Rule 4310(c)(4) for continued inclusion of the company's common stock in the Nasdaq SmallCap Market. Accordingly, the Company is in full compliance with the Nasdaq's continued listing requirements and the Company is not required to take any further action.
About Verso Technologies
Verso is a leading provider of next generation communication solutions for service providers that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in customer networks in over 120 countries. For more information, contact Verso at www.verso.com or call 678.589.3500.
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