latest news releases from the newsroom
Enstar Group Limited
Enstar Group Limited Receives Expected NASDAQ Notification
HAMILTON, Bermuda, March 24, 2009 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq:ESGR) announced today that due to the resignation of T. Wayne Davis on March 18, 2009 from the Company's Board of Directors, the Company received, as expected, a notification on March 23, 2009 from the NASDAQ Listing Qualifications Department indicating that the Company no longer complies with NASDAQ's independent director requirements as set forth in Marketplace Rule 4350. Consistent with Marketplace Rule 4350(c)(1), the Company has been provided a cure period in order to regain compliance by September 14, 2009. The Company intends to appoint a new independent director within the cure period.
STARLIMS Technologies Ltd.
STARLIMS Announces Distribution of Cash Dividend
HOLLYWOOD, Fla., March 24, 2009 (GLOBE NEWSWIRE) -- STARLIMS Technologies Ltd. (Nasdaq:LIMS) announced today that its board of directors has declared a cash dividend in the amount of 1.34 new Israeli shekels (NIS) per share and in the aggregate amount of approximately NIS 11.3 million (the equivalent of approximately US$0.33 per share and approximately US$2.8 million in the aggregate). The dividend amount was determined based on the Company's 2008 net profit. The Company has not established a dividend policy with respect to future dividend distributions.
Power Medical Interventions, Inc.
Power Medical Interventions(r), Inc. Receives Favorable NASDAQ Decision
LANGHORNE, Pa., March 24, 2009 (GLOBE NEWSWIRE) -- Power Medical Interventions, Inc. (Nasdaq:PMII), a leader in developing and commercializing Intelligent Surgical Instruments, today announced that the NASDAQ Listing Qualifications Panel has granted the company's request to transfer its listing from The NASDAQ Global Market to The NASDAQ Capital Market, which will take effect with the open of trading on Wednesday, March 25, 2009. The company's continued listing on The NASDAQ Capital Market is subject to its compliance with all requirements for continued listing on that market, including the $2.5 million stockholders' equity requirement, by May 20, 2009. The company's shares will continue to trade under the symbol PMII.
NASDAQ Announces Mid-month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date March 13, 2009
NEW YORK, March 24, 2009 (GLOBE NEWSWIRE) -- At the end of the settlement date of March 13, 2009, short interest in 2,521 NASDAQ Global Market(sm) securities totaled 7,246,261,438 shares compared with 6,928,787,193 shares in 2,532 Global Market issues reported for the prior settlement date of February 27, 2009. The mid-March short interest represents 3.07 days average daily NASDAQ Global Market share volume for the reporting period, compared with 3.12 days for the prior reporting period.