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Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI)
NTWK 3.8800.0%Jan 24 12:00 AM EST

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From: alenor9/27/2010 8:40:39 AM
   of 181
News out :"NetSol Technologies Regains Full NASDAQ Compliance

2010-09-27 06:55 ET - News Release

CALABASAS, Calif., Sept. 27, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq:NTWK) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that NASDAQ has notified the Company that it has regained compliance with the minimum bid price requirement in Listing Rule 5550(a)(2) and met the requirements of the NASDAQ Listing Qualification Panel (the "Panel") decision dated March 22, 2010. Accordingly, the Panel has determined to continue the listing of the Company's common stock on the NASDAQ Capital Market exchange.

The letter from NASDAQ stated that on March 22, 2010, the Company was notified that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of the NASDAQ Stock Market. On September 23, 2010, the Company's closing price was $1.39 per share, the tenth consecutive day it had exceeded the $1.00 per share threshold. Accordingly, NetSol has regained compliance with all applicable listing rules."

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