Isonics Receives Notification From Nasdaq That It Meets Nasdaq Marketplace Rule 4310(c)(2)(B) For Continued Listing
Friday July 28, 10:30 am ET
GOLDEN, Colo.--(BUSINESS WIRE)--July 28, 2006--Isonics Corporation (Nasdaq: ISON - News), a provider of innovative solutions for the homeland security and semiconductor markets, announced today that it has received a letter from the Nasdaq informing it that it has regained compliance with Nasdaq Marketplace Rule 4310(c)(2)(B), as a result of the Company's Stockholders' Equity being in excess of $2.5 million on its Form 10-KSB for the fiscal year ended April 30, 2006, and that this matter is now closed.
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On another matter, as previously announced, Isonics has until January 8, 2007 to regain compliance with the $1.00 minimum bid price requirement for continued listing.
About Isonics Corporation
Isonics Corporation has three business divisions: (1) Homeland Security and Defense (2) Semiconductor Products and Services, and (3) Life Sciences. Isonics is a world leader in isotopically engineered materials and through its semiconductor division, it provides 300-millimeter products and services, wafer thinning and silicon-on-insulator wafers, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Additional information may be obtained at the Company's Web site at www.isonics.com.
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