NEW YORK, July 12, 2011 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market announced today that it will delist the common stock and warrant of Nile Therapeutics, Inc. Nile Therapeutics, Inc.'s stock was suspended on May 12, 2011 and has not traded on NASDAQ since that time.
NASDAQ also announced that it will delist the common stock of Tidelands Bancshares, Inc. Tidelands Bancshares, Inc.'s stock was suspended on June 27, 2011 and has not traded on NASDAQ since that time.
NASDAQ also announced that it will delist the common stock of China Agritech, Inc. China Agritech, Inc.'s stock was suspended on May 20, 2011 and has not traded on NASDAQ since that time.
NASDAQ also announced that it will delist the common stock of Cavico Corp. Cavico Corp.'s stock was suspended on July 06, 2011 and has not traded on NASDAQ since that time.
Finally, NASDAQ announced that it will delist the common stock, warrant Class B, and warrant Class H of Converted Organics Inc. Converted Organics Inc.'s stock was suspended on July 07, 2011 and has not traded on NASDAQ since that time.
NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting for each of these companies. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delistings and whether the companies' securities are trading on another venue, please review the companies' public filings or contact the company directly.
For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com. NASDAQ's rules governing the delisting of securities can be found in the NASDAQ Rule 5800 Series, available on the NASDAQ Web site: http://www.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.