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January 10 2008
Stock in healthcare staffing firm TeamStaff Inc. (NASD: TSTF) may be delisted from the Nasdaq. The company said it received a delisting letter from the exchange on Jan. 4 because its stock didn't meet the exchange's minimum bid requirement. Nasdaq warned the company on July 6, 2007 that it didn't meet the minimum bid price of $1 for 30 consecutive days of trading and gave the firm 180 days to fix the situation.
TeamStaff said it will request a hearing to review the delisting and said it's also looking for shareholder approval for a reverse stock split to regain compliance with the minimum bid requirement.