NEW YORK, July 31 NY-EDGAR-Nasdaq
NEW YORK, July 31 /PRNewswire-FirstCall/ -- EDGAR(R) Online(R), Inc.
(Nasdaq: EDGR) today announced that the Company has submitted to The Nasdaq
Stock Market a transfer application requesting that the listing of the
Company's common stock be transferred from The Nasdaq Global Market to The
Nasdaq Capital Market. In order for the common stock to be so transferred, the
Company must satisfy the continued inclusion requirements for The Nasdaq
Capital Market, which the Company believes it does.
As it announced on July 2, 2008, the Company received a deficiency notice
from The Nasdaq Stock Market on July 1, 2008 indicating that the Company was
not in compliance with the minimum market value of listed securities
requirement for continued listing on The Nasdaq Global Market. This notice
stated that if the Company were not able to demonstrate compliance with that
standard by July 31, 2008, the Nasdaq staff would notify the Company in
writing that its common stock would be delisted from The Nasdaq Global Market.
Since the Company has submitted the application for transfer to The Nasdaq
Capital Market, the initiation of the delisting proceedings will be stayed
pending the Nasdaq staff's review of the transfer application.
About EDGAR(R) Online(R), Inc.
EDGAR Online, Inc. (Nasdaq: EDGR), www.edgar-online.com, is a leading
provider of value-added business and financial information on global companies
to financial, corporate and advisory professionals. The Company makes
information and a variety of analysis tools available via online subscriptions
and licensing agreements to a large user base.
"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this news release. These
statements relate to future events and/or our future financial performance.
These statements are only predictions and may differ materially from actual
future events or results. EDGAR Online, Inc. disclaims any intention or
obligation to revise any forward-looking statements whether as a result of new
information, future developments or otherwise. Please refer to the documents
filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which
identify important risk factors that could cause actual results to differ from
those contained in forward-looking statements, including, but not limited to
risks associated with (i) our ability to increase revenues, obtain
profitability and obtain additional financing, (ii) changes in general
economic and business conditions (including in the online business and
financial information industry), (iii) actions of our competitors, (iv) the
extent to which we are able to develop new services and markets for our
services, (v) the time and expense involved in such development activities,
(vi) potential acquisitions, (vii) the level of demand and market acceptance
of our services, (viii) our ability to satisfy regulatory and stock exchange
standards and requirements and (ix) changes in our business strategies.
EDGAR(R) is a federally registered trademark of the U.S. Securities and
Exchange Commission. EDGAR Online is not affiliated with or approved by the
U.S. Securities and Exchange Commission.
SOURCE EDGAR Online, Inc.
