The company has received formal confirmation from Nasdaq that it is in compliance with all applicable requirements for continued listing on The Nasdaq Capital Market. The previously disclosed listing matters regarding the $2.5 million stockholders' equity requirement and the $1.00 bid price requirement have been closed. The company remains subject to a Mandatory Panel Monitor for a period of one year for both the equity and bid price requirements. Failure to maintain compliance during these one-year monitoring periods will result in immediate delist determinations without the opportunity for a cure period or compliance plan.