NASDAQ Grants Viisage's Request for Continued Listing; Listing Qualifications Panel Sets Deadline of June 30, 2005
June 09 2005 - 7:30AM
Business Wire
Viisage (NASDAQ: VISGE), a leading provider of advanced technology
identity solutions, announced today that a NASDAQ Listing
Qualifications Panel has granted the Company's request for
continued listing on The NASDAQ National Market as long as the
Company files on or before June 30, 2005, its Form 10-K for the
fiscal year ended December 31, 2004, and its Form 10-Q for the
fiscal quarter ended April 3, 2005. The staff of The NASDAQ Stock
Market had previously notified the Company that the Company was
subject to potential delisting from The NASDAQ National Market as a
result of its failure to file its Form 10-K for the year ended
December 31, 2004, and its Form 10-Q for the fiscal quarter ended
April 3, 2005, in a timely fashion, as required under NASDAQ
Marketplace Rule 4310(c)(14). If the Company is unable to comply
with the conditions for continued listing required by the NASDAQ
Panel, then the Company's common stock may be delisted from The
NASDAQ National Market. While the Company is working diligently
toward meeting the June 30, 2005, deadline, there can be no
assurance that the Company will be able to meet this deadline. If
the Company becomes concerned for any reason that it will be unable
to meet the deadline, the Company intends to request additional
time from the NASDAQ Panel. There can be no assurance that the
NASDAQ Panel will extend the deadline beyond June 30. The fifth
character "E" will remain appended to the Company's trading symbol
pending a determination that the Company is fully compliant with
NASDAQ's filing requirements and has evidenced compliance with all
other requirements for continued listing on NASDAQ. About Viisage
Viisage (NASDAQ: VISGE) delivers advanced technology identity
solutions for governments, law enforcement agencies and businesses
concerned with enhancing security, reducing identity theft, and
protecting personal privacy. Viisage solutions include secure
credentials such as passports and drivers' licenses, biometric
technologies for uniquely linking individuals to those credentials,
and credential authentication technologies to ensure the documents
are valid before individuals are allowed to cross borders, gain
access to finances, or granted other privileges. With over 3,000
installations worldwide, Viisage's identity solutions stand out as
a result of the Company's industry-leading technology and unique
understanding of customer needs. Viisage's product suite includes
FaceTOOLS(R) SDK, Viisage PROOF(TM), FaceEXPLORER(R), Viisage
iA-thenticate(R), BorderGuard(R), FacePASS(TM) and FaceFINDER(R).
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