Chyron Corporation Regains Compliance With NASDAQ Listing Requirements
MELVILLE, NY -- (Marketwire) -- 01/29/13 -- Chyron (NASDAQ: CHYR), a
leading provider of Graphics as a Service for on-air and digital
video applications, today announced that it has received notification
from the NASDAQ Stock Market ("NASDAQ") that it has regained
compliance with the NASDAQ Listing Rule 5450(a)(1) (the "Minimum Bid
Price Rule") requirement for continued listing on NASDAQ.
Chyron received notice on November 7, 2012 that it was not in
compliance with the Minimum Bid Price Rule for continued listing on
NASDAQ, as the bid price of the Company's common stock closed below
the minimum $1.00 per share for the 30 consecutive business days
prior to the date of the letter.
The letter from NASDAQ, received on January 25, 2013 stated that
Chyron's common stock closed at or above $1.00 per share for a
minimum of 10 consecutive business days (from January 10, 2013 to
January 24, 2013). Accordingly, Chyron has regained compliance with
the Minimum Bid Price Rule and this matter is now closed.
Chyron (NASDAQ: CHYR) is a leading provider of Graphics as a Service
for on-air and digital video applications including newsrooms,
studios, sports broadcasting facilities, and corporate video
environments. An Emmy(R) Award-winning company whose products have
defined the world of digital and broadcast graphics, Chyron's
graphics solutions include the Axis World Graphics online content
creation software and order management system, on-air graphics
systems, clip servers, channel branding, and graphics asset
management solutions, all of which may be incorporated into the
company's BlueNet(TM) end-to-end graphics workflow. More information
about Chyron products and services is available on the company
websites: www.chyron.com and www.axisgraphics.tv. The company's
investor relations information is at www.chyron.com via the
All trademarks and registered trademarks mentioned herein are the
property of their respective owners.
Chyron Investor Relations
Tel: (631) 845-2000, press 7
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