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Synergy Brands Receives NASDAQ Listing Notice
SYOSSET, N.Y.-(Business Wire)-July 28, 2008 - Synergy Brands (NASDAQ:SYBR) received a NASDAQ Staff letter on July 24, 2008 indicating that the Company fails presently to comply with the minimum bid price requirement because for 180 consecutive business days, since the last notice received from NASDAQ, 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 has been granted the right to appeal this marketplace ruling by July 31, 2008.
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