ModusLink Receives Expected NASDAQ Notification Letter
Dec 26, 2012 (Menafn - TELECOMWORLDWIRE via COMTEX) --ModusLink Global Solutions, Inc. MLNK said that on December 18, 2012 it received a notification letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC stating that ModusLink's delay in filing the company's quarterly report for the first quarter of 2013 served as an additional basis for the potential delisting of its shares.
The company said it disclosed the deficiency on December 10, 2012 and is working to complete the process to restate financial results for certain prior periods and become current in its periodic report filings with the Securities and Exchange Commission.
The company has the right to appeal this determination and, as planned, a hearing before NASDAQ's Hearings Panel has been requested by the company.
ModusLink Global Solutions executes comprehensive supply chain and logistics services that improve clients' revenue, cost, sustainability and customer experience objectives. For details on ModusLink's flexible and scalable solutions visit www.moduslink.com.
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