Conolog Regains Full Compliance with NASDAQ Marketplace Rule 4310(c)(4)
23 Agosto 2006 - 3:00PM
PR Newswire (US)
SOMERVILLE, N.J., Aug. 23 /PRNewswire-FirstCall/ -- Conolog
Corporation (NASDAQ:CNLGD), an engineering and design company that
provides digital signal processing solutions to global electric
utilities, announced today that it has been notified by NASDAQ that
the Company complies with Rule 4310(c)(4). Conolog's symbol will
return to CNLG at the open of the market on September 1, 2006.
Chairman of Conolog Robert Benou stated, "On August 21, 2006, the
Company was notified by NASDAQ that the bid price of the Company's
stock has been at $1.00 per share or greater for at least 10
consecutive trading days and accordingly has regained compliance
with Marketplace Rule 4310(c)(4)." About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and
digital security solutions to electric utilities worldwide. The
Company designs and manufactures electromagnetic products to the
military and provides engineering and design services to a variety
of industries, government organizations and public utilities
nationwide. The Company's INIVEN division manufactures a line of
digital signal processing systems, including transmitters,
receivers and multiplexers. Contact: Conolog Corporation: Robert
Benou, Chairman, 908/722-8081; National Financial Network, Geoffrey
Eiten, Investor Relations; 781/444-6100, ext. 613 or email , or
visit http://www.nfnonline.com/cnlgd. Forward-looking statements in
this release are made pursuant to the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance
of the Company's products, increased levels of competition, new
products introduced by competitors, and other risks detailed from
time to time in the Company's periodic reports filed with the
Securities and Exchange Commission. DATASOURCE: Conolog Corporation
CONTACT: Robert Benou, Chairman of Conolog Corporation,
+1-908-722-8081; or Geoffrey Eiten, Investor Relations for National
Financial Network, +1-781-444-6100, ext. 613, Web site:
http://www.conolog.com/
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