Published:
/ CORRECTION - Verilink Corporation
In the news release "Verilink Receives
Notification of NASDAQ Delisting," issued earlier today by Verilink
Corporation (NASDAQ: VRLK), we are advised by the company that the headline
should read "Verilink Receives NASDAQ Notification for Failure to Maintain
Continued Listing Requirement," and the original subhead should be
disregarded, as originally issued. The media contact information has
changed, as well. Complete corrected text follows.
Verilink Receives NASDAQ Notification for Failure to Maintain Continued
Listing Requirement
CENTENNIAL, CO -- 01/11/2006 -- Verilink® Corporation (NASDAQ: VRLK), a
leading provider of broadband access solutions, today announced it has
received a notification from NASDAQ for failure to comply with continued
listing requirements.
On January 9, 2006, the Company was notified by NASDAQ that its common
stock closed below the minimum $1.00 per share continued listing
requirement for the last thirty trading days. To retain its listing on The
NASDAQ National Market, the Company has 180 calendar days, or until July
10, 2006, to regain compliance. If, at anytime before July 10, 2006, the
bid price of the Verilink's common stock closes at $1.00 per share or more
for a minimum of 10 consecutive business days, NASDAQ will provide written
notification that the Company has achieved compliance with its rules. For
additional information, please see the Form 8-K to be filed by the Company
shortly.
About Verilink Corporation
Verilink Corporation (NASDAQ: VRLK) is a leading provider of
next-generation broadband access solutions for today's and tomorrow's
networks. The company develops, manufactures and markets a broad suite of
products that enable carriers (ILECs, CLECs, IXCs, and IOCs) and
enterprises to build converged access networks to cost-effectively deliver
next-generation communications services to their end customers. The
company's products include a complete line of VoIP, VoATM, VoDSL and
TDM-based integrated access devices (IADs), optical access products,
wireless access routers, and bandwidth aggregation solutions including
CSU/DSUs, multiplexers and DACS. The company also provides turnkey
professional services to help carriers plan, manage and accelerate the
deployment of new services. Verilink is headquartered in Centennial, CO
(metro Denver area) with operations in Madison, AL and Newark, CA and sales
offices in the U.S., Europe and Asia. To learn more about Verilink, visit
the company's website at http://www.verilink.com.
Note: Except for the historical information contained herein, the matters
set forth in this press release, including statements as to the expected
timing, closing and proceeds of the pending property sale, are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that may
cause actual results to differ materially, including, but not limited to
the risks detailed from time to time in the SEC reports of Verilink,
including its Form 10-K for the fiscal year ended July 1, 2005. These
forward-looking statements speak only as of the date hereof. Verilink and
Larscom disclaim any intention or obligation to update or revise any
forward-looking statements.
Verilink and the Verilink logo are registered trademarks and NetPath is a
trademark of Verilink Corporation.
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Daily News
Tags: ,Telecom:CableandSatelliteServices;Telecom:Networking;Telecom:TelecommunicationEquipment;Telecom:TelecommunicationServices;Telecom:Wireless;,NASDAQ01,NASDAQ01,NASDAQ01,NASDAQ01,CO,CENTENNIAL, CO
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