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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Jay who wrote (633)	11/4/1998 4:55:00 PM
From: double-play	Respond to of 1640

Natural Health to keep Nasdaq listing Reuters Story - November 02, 1998 12:38 Jump to first matched term PORTLAND, Maine, Nov 2 (Reuters) - Alternative drug maker Natural Health Trends Corp. said Monday its stock would remain listed on the Nasdaq's small capitalization market after meeting all of the exchange's requirements. Natural Health, which fell below the minimum listing requirements for net tangible assets in June, said in a statement that the Nasdaq panel had decided on September 2 to keep it listed. "Nasdaq has given the company until February 1, 1999 to demonstrate its ability to sustain compliance with all of the requirements for continued listing," it said. "The company is currently negotiating several acquisitions," Joe Grace, its chief executive officer, said in a statement. "We believe that this is ample time to consummate an acquisition which should enable us to meet all of Nasdaq's requirements." Natural Health spokesman Roger Guerin said the company was discussing a possible acquisiton of Kaire International of Longmont, Colo., after signing a letter of intent in September. Guerin said Kaire would complement Natural Health's operations because it is not only a maker of health products but also a marketer. He declined to comment on the other possible deals. Natural Health's stock was 3/32 lower at 3-13/32 in early afternoon trade. Guerin said Natural Health had passed the $2 million minimum on net tangible assets to reach between $3 million and $5 million. Natural Health makes and markets health products with natural ingredients for retail outlets, offering them as alternatives to traditional over-the-counter drugs.