PT Regains Compliance With NASDAQ Listing Rules

PT Regains Compliance With NASDAQ Listing Rules 
ROCHESTER, NY -- (Marketwired) -- 06/04/13 --  PT (NASDAQ: PTIX), a
leading global provider of advanced network communications solutions,
today announced that it has received a letter from The NASDAQ Stock
Market ("NASDAQ") advising that the Company has regained compliance
with NASDAQ's minimum bid price listing requirements.  
PT had received a notice of deficiency letter on December 27, 2012
which stated that the Company was not in compliance with NASDAQ's
continued listing requirement under Listing Rule 5450(a)(1) because
the bid price of the Company's common stock had closed below the
required minimum $1.00 per share for the previous 30 consecutive
business days. NASDAQ notified PT that it could regain compliance if
within 180 days the bid price of the Company's common stock closed at
or above $1.00 per share for a period of at least 10 consecutive
trading days. 
NASDAQ's letter, dated June 3, 2013, informed the Company that its
closing bid price of its common stock had closed at or above the
$1.00 minimum bid price for 10 consecutive trading days as of the
market close on May 31, 2013, and that NASDAQ now considers the
matter closed. 
About PT (www.pt.com)  
PT (NASDAQ: PTIX) is a global supplier of advanced, high availability
network communications solutions. Its SEGway(TM) Diameter and SS7
Signaling Systems provide tightly integrated signaling and advanced
routing capabilities and applications that uniquely span the mission
critical demands of both existing and next-generation 4G LTE and IMS
telecommunications networks. The Company's IPnexus(R) Multi-Protocol
Gateways and Servers enable a broad range of IP-interworking in data
acquisition, sensor, radar, and control applications for aviation,
weather and other infrastructure networks. Established in 1981, PT is
headquartered in Rochester, NY and markets and sells its products
worldwide through its direct sales organization as well as through
channel partners that include major telecommunications equipment
vendors, government prime contractors and value-added resellers. 
For more information contact: 
Dorrance W. Lamb
SVP and Chief Financial Officer
PT
585-256-0200 ext. 7276
http://www.pt.com
finance@pt.com 
 
 
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