Tianli Agritech Announces Listing Transfer to the Nasdaq Capital Market and
180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
WUHAN CITY, China, Aug. 5, 2013
WUHAN CITY, China, Aug. 5, 2013 /PRNewswire/ -- Tianli Agritech, Inc.
(NASDAQ:OINK) ("Tianli" or the "Company"), a leading producer of breeder hogs,
market hogs and black hogs, headquartered in Wuhan City, China, today
announced that it received a letter, dated August 2, 2013, from the Nasdaq
Stock Market notifying the Company that its application to transfer its
listing from NASDAQ Global Market to NASDAQ Capital Market has been approved,
effective with the start of trading on Tuesday, August 6, 2013. Tianli will
continue to trade under its existing ticker symbol "OINK".
Additionally, the Nasdaq Stock Market granted Tianli an additional 180-day
period, or until February 3, 2014, to regain compliance with Nasdaq's minimum
$1.00 bid price per share rule for continued listing on the Nasdaq Capital
Market. To regain compliance, the closing bid price of the Company's common
stock must be at or above $1.00 per share for a minimum of 10 consecutive
business days prior to February 3, 2014.
About Tianli Agritech, Inc.
Tianli Agritech, Inc. is in the business of breeding, raising and selling
breeder and market hogs in China and is developing a retail channel for its
pork products including high-value, black hog meat. The Company is focused on
growing high quality hogs for sale for breeding and meat purposes. The Company
conducts genetic, breeding and nutrition research to steadily improve its
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements that
are other than statements of historical facts. These statements are subject
to uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks contained
in reports filed by the company with the Securities and Exchange Commission.
All such forward-looking statements, whether written or oral, and whether made
by or on behalf of the company, are expressly qualified by the cautionary
statements and any other cautionary statements which may accompany the
forward-looking statements. In addition, the company disclaims any obligation
to update any forward-looking statements to reflect events or circumstances
after the date hereof.
For more information, please contact:
Weitian Group LLC
SOURCE Tianli Agritech, Inc.
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