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Nasdaq warns three staffing firms

September 21 2009
Staffing Industry Analysts North American Daily News

Nasdaq notified three staffing firms they could face delisting unless they get back in line with the exchange's requirements.

TeamStaff Inc. (NASD: TSTF), a healthcare and administrative staffing firm, reported that Nasdaq notified it Sept. 15 that total market value of its publicly held shares had fallen below the minimum required level of $5.0 million for 30 days. TeamStaff has until Dec. 14 to raise the total value of shares or it will receive a delisting notice. The company would be able to appeal the delisting at that time and may be able to transfer its stock to the Nasdaq Capital Market for smaller cap companies.

Analysts International Corp. (NASD: ANLY), an information technology staffing and services firm, announced that Nasdaq on Sept. 15 notified it that the bid price for its shares had fallen below the minimum required $1 for the last 30 business days. Analysts International has until March 15 to raise the price, or receive a delisting notice.

Helios & Matheson North America Inc. (NASD: HMNA), an IT services and staffing firm, also announced it received a Nasdaq notice that its bid price for shares fell below the required $1 and that total value of its shares had fallen below the $1.0 million minimum for the Nasdaq Capital Markets. It has 180 days from Sept. 15 to raise the share price.

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