InfoSonics Regains Compliance with NASDAQ Rule 5550(a)(2), $1.00 Minimum Bid
SAN DIEGO, Jan. 10, 2014
SAN DIEGO, Jan. 10, 2014 /PRNewswire/ --InfoSonics Corporation (NASDAQ: IFON)
today announced that on January9,2014 it received notification from the
NASDAQ Stock Market indicating that the Company has regained compliance with
NASDAQ Rule 5550(a)(2) in that the Company's closing bid price has been at
$1.00 per share or greater for at least 10 consecutive business days. The
notification stated that the matter of the deficiency, which arose as of
December 9, 2013, is now closed and the Company's stock will continue to be
listed and trade on The Nasdaq Capital Market.
About InfoSonics Corporation
InfoSonics is a San Diego-based designer, manufacturer and provider of
wireless handsets and related products to OEMs, carriers, distributors and
consumers in the United States, Latin America, Europe, Africa and Asia
Pacific. The company is committed to delivering quality products with
innovative industrial designs that appeal to consumers and offer exceptional
value. InfoSonics sells and supports its own line of products under the
verykool® and other private label brands. Additional information can be found
on our corporate website at www.infosonics.com and www.verykool.net.
SOURCE InfoSonics Corporation
Contact: Vernon A. LoForti, Chief Financial Officer,
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