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Equity Media Holdings Corporation
Equity Media Holdings Corporation Receives Deficiency Notice Related to NASDAQ Stockholders' Equity Rule
LITTLE ROCK, Ark., Aug. 29, 2008 (GLOBE NEWSWIRE) -- Equity Media Holdings Corporation ("the Company") (Nasdaq:EMDA), announced today that on August 25, 2008, the Company received written notification from NASDAQ that based on the Form 10-Q for the period ended June 30, 2008, Staff determined that the Company's stockholders' equity was a deficit of ($7,302,327). In addition, as of August 22, 2008, Staff determined that the market value of listed securities was $17,979,472. Finally, Staff determined that the Company reported net losses from operations in its annual filings for the years ended December 31, 2007, 2006, and 2005 respectively. Accordingly, the Company does not comply with Marketplace Rule 4310(c)(3), which requires the Company to have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
LTX and Credence Complete Merger to Form LTX-Credence
MILPITAS, Calif., Aug. 29, 2008 (GLOBE NEWSWIRE) -- LTX Corporation (Nasdaq:LTXX) and Credence Systems Corporation (Nasdaq:CMOS) today announced the completion of their merger, resulting in the formation of LTX-Credence Corporation, a global provider of focused, cost-optimized ATE solutions. The companies combined earlier today in a tax free, all-stock merger of equals following the approval of both companies' stockholders yesterday. Beginning Tuesday, September 2, 2008, LTX-Credence, headquartered in Milpitas, California, will trade on the NASDAQ Global Market under the new symbol "LTXC."