Wave Regains Compliance With NASDAQ Marketplace Rule
LEE, MA -- (Marketwired) -- 07/24/13 -- Wave Systems Corp. (NASDAQ:
WAVX) announced today that it received notice from the NASDAQ Listing
Qualifications Department that Wave has regained compliance with
NASDAQ Marketplace Rule 5550(a)(2) relating to the minimum $1.00 per
share bid price of the company's Class A Common Stock. Shares of the
company's Class A Common Stock maintained a closing bid price of at
least $1.00 per share for the required ten consecutive days, from
July 9 through July 22, 2013.
Because the company has regained compliance with the minimum bid
price rule, a previously scheduled hearing with the NASDAQ Hearing
Panel has been deemed moot and will not be held.
About Wave Systems Corp.
Wave Systems reduces the complexity, cost
and uncertainty of data protection by starting inside the device.
Unlike other vendors who try to secure information by adding layers
of software for security, Wave leverages the security capabilities
built directly into endpoint computing platforms themselves. Wave has
been a foremost expert on this growing trend, leading the way with
first-to-market solutions and helping shape standards through its
work as a board member for the Trusted Computing Group.
Safe Harbor for Forward-Looking Statements
This press release may
contain forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995 and Section 21E of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
including all statements that are not statements of historical fact
regarding the intent, belief or current expectations of the company,
its directors or its officers with respect to, among other things:
(i) the company's financing plans; (ii) trends affecting the
company's financial condition or results of operations; (iii) the
company's growth strategy and operating strategy; and (iv) the
declaration and payment of dividends. The words "may," "would,"
"will," "expect," "estimate," "anticipate," "believe," "intend" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements as
a result of various factors. Wave assumes no duty to and does not
undertake to update forward-looking statements.
All brands are the property of their respective owners.
Investor Relations Contact:
David Collins, Eric Lentini
212-924-9800 or 917-734-0339 m
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