IDT Corporation (NYSE: IDT; IDT.C) said today that it has regained full compliance with the New York Stock Exchange’s (NYSE) quantitative continued listing standards.
messages.finance.yahoo.com Regains Full Compliance with NYSE Listing Standards
[IDT Corporation On Monday April 5, 2010, 8:30 am EDT
NEWARK, N.J.--(BUSINESS WIRE)--]
The Company reported that, on April 1, 2010, it received notification from the NYSE that it had regained compliance as a result of its “consistent positive performance with respect to the original business plan submission and the achievement of compliance with the NYSE’s $100 million market capitalization requirement at the end of its business plan period on March 30, 2010.”
“IDT significantly improved its operational and bottom-line performance during the eighteen month business plan period provided by the NYSE, as well as improved its liquidity and overall financial condition,” said IDT’s Chairman and CEO, Howard Jonas. “I am pleased that the Company is once again in compliance with the NYSE’s listing standards. Our officers and employees deserve great credit for their hard work that got us to this important milestone, as do the shareholders who stuck by us and continued to believe in IDT’s future.”
As of March 30, 2010, the final day of the compliance period, IDT’s market capitalization was $140.9 million and its 30 trading day trailing average market capitalization through and including March 30th was $120.8 million.
Previously, on April 9, 2009, IDT was notified by the NYSE that it had regained compliance with the NYSE’s minimum share price continuing listing standard. |
