Trunkbow International Holdings, Ltd. (TBOW)

[tbirdman]

TBOW - Had a feeling this was coming: Trunkbow Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule
Company has 180 days to regain compliance 07/01 01:01 PM

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BEIJING, July 1, 2013 /PRNewswire/ -- Trunkbow International Holdings Limited (TBOW:$0.928,0$0.048,05.45%) , a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Services ("MVAS") in the PRC, today announced that on June 28, 2013, it received a letter from the Nasdaq Stock Market stating that, based upon the closing bid price for the previous 30 consecutive business days, the Company no longer meets the requirement set forth in Nasdaq Rule 5550(a)(2), which requires listed securities to maintain a bid price of $1.00 per share (the "Minimum Bid Price Rule") .

In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has been provided with a period of 180 calendar days, or until December 26, 2013, to regain compliance with the Minimum Bid Price Rule. The Company may regain compliance with the Minimum Bid Price Rule if the bid price of its common shares closes at or above $1.00 per share for a minimum of ten consecutive business days at any time prior to December 26, 2013.

The Company intends to evaluate available options to resolve the deficiency and regain compliance with the Minimum Bid Price Rule.