TEL AVIV, Israel, July 2 /PRNewswire-FirstCall/ -- RADCOM Ltd. ("RADCOM" or the "Company") (NASDAQ:RDCMD) (TASE:RDCM) today announced that the NASDAQ Hearings Panel, following the Company's regaining of compliance with the minimum bid price requirement of $1.00 per share, has determined to continue the listing of RADCOM's shares on the NASDAQ Capital Market.
To achieve compliance, the Company effected a one-for-four reverse share split of its outstanding Ordinary Shares on June 16, 2008, decreasing the number of its authorized Ordinary Shares to 9,997,670 and the number of its Ordinary Shares outstanding to approximately 5,075,910. For a period of 20 trading days, the Company's NASDAQ symbol has been changed to RDCMD, and will return to RDCM on July 15, 2008.
Commenting on the news, Mr. Jonathan Burgin, Chief Financial Officer, said, "We are very pleased to be able to continue listing our shares on NASDAQ, a move we believe is important for facilitating our liquidity and access to the public capital markets." About RADCOM RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The Company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The Company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. RADCOM's shares are listed on both the NASDAQ Capital Market and the Tel Aviv Stock Exchange under the symbol RDCM. For more information, please visit http://www.radcom.com/.
Risks Regarding Forward-Looking Statements Certain statements made herein that use the words "estimate," "project," "intend," "expect," "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in the demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the United States Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
Contact:
Jonathan Burgin
CFO
+972-3-645-5004
DATASOURCE: RADCOM Ltd.
CONTACT: Contact: Jonathan Burgin, CFO, +972-3-645-5004,
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