SALT LAKE CITY, Feb. 2 /PRNewswire-FirstCall/ -- Dynatronics Corporation (Nasdaq: DYNT) today announced that the company has received a letter from NASDAQ stating that Dynatronics has regained compliance with the $1.00 minimum bid requirement for listing on that exchange.
"We are appreciative that NASDAQ granted our appeal in November for extra time to achieve full compliance with all listing requirements. By curing the $1 minimum bid deficiency in January, we have removed the current threat of delisting thus preserving value for our shareholders," stated Kelvyn H. Cullimore Jr., chairman and president of Dynatronics Corporation. "We believe that our success in generating five straight quarters of improved profitability gave investors confidence in our strategic growth plans and the potential profitability these plans present for the future."
Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets. More information regarding Dynatronics is available at http://www.dynatronics.com.
This press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements such as the statement regarding the potential profitability our strategic growth plans present for the future. Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company's products are subject to a number of risks and uncertainties, including, but not limited to, changes in the regulatory environment, competitive factors, inventory risks due to shifts in market demand, market demand for the company's products, availability of financing at cost effective rates, and the risk factors listed from time to time in the company's SEC reports including, but not limited to, the report on Form 10-K for the year ended June 30, 2009.
SOURCE Dynatronics Corporation
|SOURCE Dynatronics Corporation|
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