Wave Systems Corp. (fka WAVXQ)

[New Wave]

Zen, Wave has until mid August to meet the minimum bid price rule; however it would be nice to get this issue behind us today.

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On February 5, 2009, Wave received a notice from The NASDAQ Stock Market confirming that the Company had regained compliance with the $35 Million Market Value Rule and that the Panel considering Wave’s listing on The NASDAQ Capital Market has determined to continue Wave’s listing on that market.

While the Panel has determined to continue Wave’s listing on The NASDAQ Capital Market based on compliance with the $35 Million Market Value Rule, Wave remains required to gain compliance with the Bid Price Rule. Based on The NASDAQ Stock Market’s suspension of the enforcement of the Bid Price Rule, Wave has until on or about August 14, 2009 to gain compliance with the Bid Price Rule (“Compliance Period”). If Wave does not gain compliance with the Bid Price Rule by the end of the Compliance Period, Wave may be subject to delisting or may be entitled to an additional 180 day period...