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TeamStaff receives Nasdaq notice

December 23 2009
Staffing Industry Analysts North American Daily News

Nasdaq notified TeamStaff Inc. (NASD: TSTF) that its stock didn't meet listing standards for the Nasdaq Capital Market because its stock had not maintained a minimum bid price of $1 a share over a 30-day period, the company announced Tuesday.

TeamStaff has 180 days to get its stock price over $1. Otherwise, it could be delisted.

The company had moved its stock just last moth to the Nasdaq Capital Market from the Nasdaq Global Market.

TeamStaff also announced last month that CEO Rick Filippelli will step down at the end of January.

TeamStaff is based in Somerset NJ. Its TeamStaff Rx division provides travel nurse and allied health staffing. Its government division provides healthcare, logistics, information technology and administrative workers under contracts with the federal government.

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