Zhone Technologies, Inc : Zhone Technologies Compliant with NASDAQ Listing
Zhone Investor Relations: Zhone Public Relations:
Tel: +1 510.777.7013 Tel: +1 404.460.8578
Fax: +1 510.777.7001 E: email@example.com
Oakland, CA - August 6, 2013 - Zhone Technologies, Inc. (NASDAQ: ZHNE), a
global leader in FTTx network access solutions, announced today that the
Company received formal notice from The NASDAQ Stock Market LLC on August 6,
2013, advising that the Company has regained compliance with NASDAQ's minimum
bid price requirement, as set forth in NASDAQ Listing Rule 5550(a)(2), and
otherwise satisfies all requirements for continued listing on The NASDAQ
Capital Market. Shares of Zhone's common stock closed Monday, August 5, 2013
at $3.01 per share. Accordingly, the matter has been closed.
About Zhone Technologies
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader in all IP
multi-service access solutions, serving more than 750 of the world's most
innovative network operators. The IP Zhone is the only solution that enables
service providers to build the network of the future.today, supporting
end-to-end Voice, Data, Entertainment Social Media, Business, Mobile
Backhaul and Mobility service. Zhone is committed to building the fastest
and highest quality All IP Multi-Service solution for its customers. Zhone
is headquartered in California and its products are manufactured in the USA
in a facility that is emission, waste-water and CFC free.
Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone
Technologies, Inc. Other brand and product names are trademarks of their
respective holders. Specifications, products, and/or products names are all
subject to change without notice.
This press release contains forward-looking statements that are subject to the
safe harbors created under the Securities Act of 1933 and the Securities
Exchange Act of 1934. Words such as "anticipate," "believe," "continue,"
"could," "estimate," "expect," "goal," "intend," "may," "plan," "project,"
"seek," "should," "target," "will," "would," variations of such words, and
similar expressions are intended to identify forward-looking statements. In
addition, forward-looking statements include, among others, statements that
refer to financial estimates; projections of revenue, margins, expenses or
other financial items. Readers are cautioned that actual results could differ
materially from those expressed in or contemplated by the forward-looking
statements. Factors that could cause actual results to differ include, but are
not limited to, commercial acceptance of the Company's products; intense
competition in the communications equipment market; the Company's ability to
execute on its strategy and operating plans; and economic conditions specific
to the communications, networking, internet and related industries. In
addition, please refer to the risk factors contained inthe Company'sSEC
filings available at www.sec.gov, including without limitation,the
Company'sannual report on Form 10-K for the year ended December 31, 2012 and
the Company's quarterly report on Form 10-Q for the quarter ended March 31,
2013. Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on which they are
made. The Company undertakes no obligation to update or revise any
forward-looking statements for any reason.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Zhone Technologies, Inc via Thomson Reuters ONE
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