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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Earthshell Corporation Receives Notice of Extension From Nasdaq
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Earthshell Corporation Receives Notice of
Extension From Nasdaq
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Earthshell Corporation Receives Notice of
Extension From Nasdaq
CALIFORNIA, SANTA BARBARA, Aug. 26 -/E-Wire/Business Wire/-- EarthShell Corporation (NASDAQ: ERTH), innovators of food service packaging designed with the environment in mind, today announced that Nasdaq has provided an additional 90 days for the Company's securities to achieve the minimum bid price requirement of $1.00 per share for ten consecutive days on The Nasdaq SmallCap Market, in accordance with Marketplace Rule 4310(c)(8)(D).
In addition, EarthShell Corporation further stated that although the Company has received shareholder approval to execute a reverse stock split at its annual stockholder's meeting in June, the Board of Directors has decided not to effect a reverse split at this time.
EarthShell Corporation is a development stage company engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, including cups, plates, bowls, hinged-lid containers, and sandwich wraps. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance competitive compared to other foodservice packaging materials.
For more information, please visit our website www.earthshell.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent Form 10-K and other documents filed by the Company with the Securities and Exchange Commission.
EarthShell Corporation
Media: Cindy Eikenberg, [REDACTED-PHONE] or:
Euro RSCG Middleberg, Victoria Grantham,
[REDACTED-PHONE],[REDACTED-EMAIL] or
Investor: [REDACTED-PHONE], [REDACTED-EMAIL]
http://www.earthshell.com
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