Contact Information: Contact: Jean Bono Natural Health Trends Corp.
Natural Health Trends Receives NASDAQ Deficiency Notice Related to Minimum Bid Price
| Source: Natural Health Trends Corp.
DALLAS, TX--(Marketwire - September 5, 2008) - Natural Health Trends Corp. (NASDAQ : BHIP ), an
international direct-selling and e-commerce company, announced today that
on September 2, 2008, it received a deficiency letter from The NASDAQ Stock
Market indicating that it is not in compliance with the continued listing
requirements on the NASDAQ Capital Market because, for the previous 30
consecutive business days, the bid price of its common stock had closed
below the $1.00 minimum per share requirement for continued listing as set
forth in Marketplace Rule 4310(c)(4). It is NASDAQ's customary practice to
issue a deficiency letter when a listed company does not meet the minimum
bid price requirement. By NASDAQ rule, Natural Health Trends will be
provided 180 calendar days, or until March 9, 2009, to regain compliance
with the bid price requirement. The deficiency letter has no effect on the
listing of the company's common stock at this time and its common stock
will continue to trade on the NASDAQ Capital Market under the symbol
"BHIP."
The letter also stated that the company can regain compliance with the bid
price requirement if, at any time before March 9, 2009, the bid price of
its common stock closes at or above $1.00 per share for a minimum of ten
consecutive business days. If the company cannot demonstrate compliance by
March 9, 2009, NASDAQ will determine whether it meets the NASDAQ Capital
Market initial listing criteria set forth in Marketplace Rule 4310(c),
except for the bid price requirement. If Natural Health Trends meets the
initial listing criteria, it will be provided an additional 180
calendar-day period to comply with the bid price requirement. If it is not
eligible for this additional compliance period, the company will be
provided written notice that its securities will be delisted. At that time,
the company would have the right to appeal NASDAQ's determination to delist
its securities to a listing qualifications panel, which would stay the
effect of the delisting pending a hearing on the matter before the panel.
Natural Health Trends intends to actively monitor the bid price for its
common stock between now and March 9, 2009, and consider implementation of
various options available to the company if its common stock does not trade
at a level that is likely to regain compliance.
About Natural Health Trends
Natural Health Trends Corp. is an international direct-selling and
e-commerce company operating through its subsidiaries throughout Asia,
North America, and Europe. 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 Annual Report on Form 10-K filed on March 31, 2008, with
the Securities and Exchange Commission. We assume no obligation to update
any forward-looking information contained in this press release or with
respect to the announcements described herein.