Medialink in risk of Nasdaq delisting

NEW YORK: Medialink said it received notification from the Nasdaq on April 20 that its stockholders' equity falls below the exchange minimum and it risks delisting.

NEW YORK: Medialink announced that it received notification from the Nasdaq on April 20 that its stockholders' equity falls below the exchange minimum and it risks delisting. Nasdaq's minimum shareholder equity for listing on the Capital Market is $2.5 million. As of December 31, 2008, Medialink's was $2.18 million.

The company has until Tuesday, May 5, to submit a plan to regain compliance. The Nasdaq can then decide to grant an extension of up to 105 days for Medialink to become compliant or issue a notice of delisting.

Medialink has already been under threat of delisting due to its stock's failure to rise above the $1 price minimum also mandated by the Nasdaq. As of the morning of April 24, the company's stock was about 13 cents. The grace period for regaining stock price compliance also expires in May.

Medialink recently reported its year-end and Q4 2008 earnings, indicating that without third-party investment or a buyer, it's possible the company could cease operations. Medialink president and CEO Laurence Moskowitz forecasted in the release a "$1.5 million decline in revenues for the first quarter of 2009 as compared to the comparable 2008 quarter.”

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