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ClearPoint gets Nasdaq notice

May 29 2008

ClearPoint Business Resources Inc. (NASD: CPBR), a Chalfont PA-based staffing and vendor management system company, said it received notice from Nasdaq that it's not in compliance with listing requirements. ClearPoint is working on a plan to meet requirement, but it could be delisted if the exchange rules the plan inadequate.

The company said it's out of compliance with a rule requiring firms to maintain $2.5 million in shareholder equity, $35.0 million in market value of listed securities or $500,000 in net income for the last fiscal year or for two of the three most recent fiscal years.

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