FOR IMMEDIATE RELEASE
Contact: Ken Keatley
Director of Investor Relations
770-242-7566; ken.keatley@vsin.com
VSI GRANTED EXTENSION BY NASDAQ PANEL
NORCROSS, GEORGIA - January 13, 1999 -- VSI Enterprises, Inc. (NASDAQ:
VSIN) announced today that its request for an extension of time in
order to regain compliance with the Nasdaq SmallCap Market's minimum
closing bid price requirement has been granted by a Nasdaq
Qualifications Hearing panel. The panel conducted a hearing on the
matter December 3, 1998 in Washington, D.C. The Company now has until
January 22, 1999 for its common stock to reach a minimum closing bid
price of $1.00 per share, and must maintain that minimum price for 10
consecutive trading days. If compliance is not achieved by the end of
that period, the Company will be delisted from the Nasdaq SmallCap
Market to the OTC Bulletin Board.
Judi North, President & CEO of VSI, said, "We are pleased by the
decision of the Qualifications Hearing panel, and will not hesitate to
take all appropriate steps in our efforts to regain compliance."
VSI Enterprises, Inc. designs, manufactures, markets and supports a
full range of videoconferencing products, along with
telecommunications software and services. Customers in more than 30
countries include Fortune 1000 corporations, governmental agencies,
health care providers and educational institutions. VSI has sales
offices in the United States and Europe. For more information, access
the VSI Enterprises Inc. home page as follows: vsin.com
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