MELVILLE, NY--(Marketwire - Jan 29, 2013) - Chyron ( NASDAQ : CHYR ), a leading provider of Graphics as a Service for on-air and digital video applications, today announced that it has received notification from the NASDAQ Stock Market ("NASDAQ") that it has regained compliance with the NASDAQ Listing Rule 5450(a)(1) (the "Minimum Bid Price Rule") requirement for continued listing on NASDAQ.
Chyron received notice on November 7, 2012 that it was not in compliance with the Minimum Bid Price Rule for continued listing on NASDAQ, as the bid price of the Company's common stock closed below the minimum $1.00 per share for the 30 consecutive business days prior to the date of the letter.
The letter from NASDAQ, received on January 25, 2013 stated that Chyron's common stock closed at or above $1.00 per share for a minimum of 10 consecutive business days (from January 10, 2013 to January 24, 2013). Accordingly, Chyron has regained compliance with the Minimum Bid Price Rule and this matter is now closed.
Chyron ( NASDAQ : CHYR ) is a leading provider of Graphics as a Service for on-air and digital video applications including newsrooms, studios, sports broadcasting facilities, and corporate video environments. An Emmy® Award-winning company whose products have defined the world of digital and broadcast graphics, Chyron's graphics solutions include the Axis World Graphics online content creation software and order management system, on-air graphics systems, clip servers, channel branding, and graphics asset management solutions, all of which may be incorporated into the company's BlueNet™ end-to-end graphics workflow. More information about Chyron products and services is available on the company websites: www.chyron.com and www.axisgraphics.tv. The company's investor relations information is at www.chyron.com via the "Investors" link.
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