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Biotech / Medical : Forbes-Meditech, FMI,V

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From: Tadsamillionaire	6/16/2008 11:53:04 PM
	of 430

Forbes Medi-Tech Receives Extension to Achieve Nasdaq's "Minimum Bid Price Requirement" Monday June 9, 8:00 am ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 9, 2008 -- Forbes Medi-Tech Inc. (Toronto:FMI.TO - News)(NasdaqCM:FMTI - News) ("Forbes" or "Company") announced today that the Nasdaq Hearings Panel has granted the Company an extension through June 30, 2008, to demonstrate compliance with the Minimum Bid Price Requirement for continued listing on the Nasdaq Stock Market. Compliance with the Minimum Bid Price Requirement is normally demonstrated when the Company notifies the Panel that it has evidenced a closing bid price of $1.00 or more for a minimum of ten consecutive trading days.

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