POSO news...
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(COMTEX) B: ProsoftTraining Regains Nasdaq Compliance
B: ProsoftTraining Regains Nasdaq Compliance
PHOENIX, Apr 29, 2004 (BUSINESS WIRE) -- ProsoftTraining (Nasdaq:POSO) today
announced that the Nasdaq SmallCap Market has determined that Prosoft has
regained compliance with Marketplace Rule 4450(a)(5) concerning the bid price
requirement for continued listing. In its communication to the Company, Nasdaq
stated that "the closing bid price of the Company's common stock has been at or
greater than $1.00 for at least 10 consecutive trading days. Accordingly, the
Company has regained compliance with the Rule and this matter is now closed."
"We are very pleased to regain compliance with the Marketplace Rule and thus
remove the lengthy uncertainty that has existed concerning the listing status of
our common stock," stated Robert Gwin, chairman and CEO of Prosoft.
About ProsoftTraining
ProsoftTraining (Nasdaq:POSO) offers content and certifications to enable
individuals to develop and validate critical Information and Communications
Technology (ICT) workforce skills. Prosoft is a leader in the workforce
development arena, working with state and local governments and school districts
to provide ICT education solutions for high school and community college
students. Prosoft has created and distributes a complete library of classroom
and e-learning courses. Prosoft distributes its content through its ComputerPREP
division to individuals, schools, colleges, commercial training centers and
corporations worldwide. Prosoft owns the CIW job-role certification program for
Internet technologies and the CCNT (Certified in Convergent Network
Technologies) certification, and developed and manages the CTP (Convergence
Technologies Professional) vendor-neutral certification for telecommunications.
To learn more, visit www.ProsoftTraining.com, www.ComputerPREP.com,
www.CIWcertified.com and www.CTPcertified.com.
Except for historical information contained herein, the matters discussed in
this press release are statements of a forward-looking nature that are subject
to certain risks and uncertainties that could cause actual results to differ
materially from those projected. Such risks and uncertainties include, without
limitation, Prosoft's ability to maintain its Nasdaq SmallCap Market listing in
the future, and the other risks and uncertainties outlined in the Company's
filings with the Securities and Exchange Commission, including, but not limited
to, the Company's Annual Report on Form 10-K/A. The Company undertakes no
obligation to update this forward-looking information.
SOURCE: ProsoftTraining
CONTACT: ProsoftTraining
Investor Relations, 602-794-4101
investors@prosofttraining.com
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Copyright (C) 2004 Business Wire. All rights reserved.
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KEYWORD: ARIZONA
INDUSTRY KEYWORD: GOVERNMENT
SOFTWARE
HARDWARE
COMPUTERS/ELECTRONICS
EDUCATION
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