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Synergy Brands Receives NASDAQ Listing Notice
SYOSSET, N.Y.-(Business Wire)-January 29, 2008 - Synergy Brands (NASDAQ:SYBR) received a NASDAQ Staff letter on January 25, 2008 indicating that the Company fails presently to comply with the minimum bid price requirement because for 30 consecutive business days the bid price of the Company's common stock has closed below the minimum $1.00 per share requirement for continued inclusion of such securities for listing to trade on the NASDAQ Stock Market under Marketplace Rule 4310 (c)(4). The Company values its Nasdaq listing and will make its best efforts to comply and retain its listing. The Company has been provided until July 23, 2008 to regain compliance.
Synergy Brands believes that compliance can be achieved through the future valuation of the Company in the marketplace through results of operations and financial performance.
