[April 17, 2015] |
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Daegis Receives NASDAQ Staff Determination Letter
Daegis
Inc. (NASDAQ: DAEG), a global information governance, migration
solutions and development tools company, today announced that on April
15, 2015 it was notified by the Listing Qualifications Staff of The
NASDAQ Stock Market LLC that, based on the Company's continued
non-compliance with the $1.00 minimum closing bid price requirement for
continued listing, as set forth in NASDAQ Listing Rule 5550(a)(2), the
Company's securities are subject to delisting from NASDAQ unless the
Company timely rquests a hearing before the Listing Qualifications
Panel (the "Panel"). The Company intends to timely request a hearing
before the Panel, at which hearing the Company will present its plan to
evidence and sustain compliance with all applicable requirements for
continued listing on NASDAQ. The Company's common stock will continue to
trade on The NASDAQ Capital Market under the symbol "DAEG" pending
completion of the hearing process and the expiration of any extension
period granted by the Panel.
About Daegis Inc.
Daegis
Inc. (NASDAQ: DAEG) is a global enterprise software company with
comprehensive offerings for information governance, application
migration, data management and application development. Our products
include leading-edge enterprise archive and eDiscovery technology,
mobile application development technology, application migration and
data management software. Approximately 20% of Fortune 100 companies use
our solutions. We are headquartered in Irving, Texas and serve our
worldwide customer base through our offices in California, New Jersey,
Australia, Canada, France, Germany and the UK.
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