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Majesco Meets Nasdaq Compliance

| 27 Apr 2007 14:00

After a month warning and a recent announcement that game publisher Majesco could be delisted from the Nasdaq exchange, the company received a notice from the Nasdaq Stock Market today that the company will remain listed on the Nasdaq Capital Market for maintaining a market value above $35 million. Due to this news, Majesco will no longer be required to attend a hearing before the Nasdaq Listing Qualifications Panel.

Shares of Majesco (COOL) closed at $1.58, valuing the company at $37.66 million.

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