Natural Health Trends Corp. Notified of Non-Compliance With Nasdaq Independent Director, Audit and Compensation Committee Rules
DALLAS, TX--(Marketwire - November 19, 2007) - Natural Health Trends Corp. (NASDAQ: BHIP) today
announced that, on November 13, 2007, Natural Health Trends Corp. (the
"Company") received a letter from The Nasdaq Stock Market (the "Nasdaq
Letter") stating that the Company is not in compliance with independent
director, audit committee and compensation committee requirements for
continued listing on The Nasdaq Stock Market under Marketplace Rules
4350(c)(1), 4350(d)(2) and 4350(c)(3), respectively. As previously
disclosed, Anthony B. Martino resigned from the Company's Board of
Directors on October 19, 2007. Mr. Martino was the Chairman of the Audit
Committee and a member of the Compensation Committee. The Nasdaq Letter
provides the Company with a cure period in order to regain compliance until
the earlier of the Company's next annual shareholders' meeting or October
19, 2008, or, if the Company's next annual shareholders' meeting is held
before April 16, 2008, then the Company must evidence compliance by April
16, 2008. The Company intends to regain compliance within this cure
period.
About Natural Health Trends Corp.
Natural Health Trends Corp. is an international direct-selling and
e-commerce company operating through its subsidiaries in Asia, North
America, Europe and Latin America. The Company markets premium quality
personal care products under the NHT Global brand. Additional information
can be found on the Company's website, and management encourages interested
parties to register for updated corporate information via email on the
Company's home page, www.naturalhealthtrendscorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 -- Forward-looking statements in this release do not constitute
guarantees of future performance. Such forward-looking statements are
subject to risks and uncertainties that could cause our actual results to
differ materially from those anticipated. Such risks and uncertainties
include the risks and uncertainties detailed under the caption "Risk
Factors" in our Registration Statement on Form S-3 filed with the
Securities and Exchange Commission on November 16, 2007. We assume no
obligation to update any forward-looking information contained in this
press release or with respect to the announcements described herein.
Contact Information: Contact:
Chris Sharng
President
Natural Health Trends Corp.
(972) 241-4080