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globenewswire

B.O.S. Applies to Transfer to the Nasdaq Capital Market

  • Press Release
  • Source: B.O.S. Better Online Solutions Ltd.
  • On 8:38 am EDT, Thursday October 1, 2009

RISHON LEZION, Israel, Oct. 1, 2009 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq:BOSC - News) today announced that it has applied to transfer its ordinary shares listing from the Nasdaq Global Market to the Nasdaq Capital Market. The Company no longer meets the continued listing standards for the Nasdaq Global Market because, as reported in its Report on Form 6-K dated September 21, 2009, the Company no longer satisfies the $10 million minimum stockholders' equity requirement, the $5 million market value of publicly held shares requirement and the $1.00 minimum bid price requirement set forth in Marketplace Rules 5450(b)(1)(A), 5450(b)(1)(C) and 5450(a)(1).

Related Quotes

SymbolPriceChange
BOSC0.330.00
Chart for B.O.S. Better Online Solutions
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The Company received Staff Deficiency Letters from the Nasdaq Stock Market regarding its failure to meet these requirements on September 15, 2009 and September 17, 2009. After evaluating the letters, the Company determined that at this time it was more advantageous to pursue a transfer to the Nasdaq Capital Market rather than attempting to maintain its listing on the Nasdaq Global Market.

The Company currently satisfies all of the Nasdaq Capital Market continued listing standards other than the $1.00 minimum bid price requirement and will have until March 15, 2010 to regain compliance with this requirement.

About B.O.S

B.O.S. Better Online Solutions Ltd. (Nasdaq:BOSC - News) is a leading provider of RFID, Mobile and Supply Chain solutions to global enterprises. BOS' proprietary BOSERVER, BOSaNova, RFID, Mobile and supply chain offerings are being used to improve the efficiency of enterprise logistics and organizational monitoring and control systems of over 2,000 customers worldwide. With BOS solutions, companies are enhancing the automation of various aspects of their supply chain, improving asset tracking, and managing real-time business data, all crucial to improving margins in today's competitive marketplace.

For more information, please visit: www.boscorporate.com

Contact:

B.O.S. Better Online Solutions Ltd.
Mr. Eyal Cohen, CFO
+972-3-954-1000
eyalc@boscom.com

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