SALT LAKE CITY, UT— eRoomSystem Technologies here has reportedly received a Nasdaq Staff Determination indicating the company has failed to comply with the minimum-bid price requirement for continued listing on the Nasdaq Small Cap Market as specified in Nasdaq Marketplace Rule 4310(c)(4). In a move designed to head off its delisting, the company has requested an oral hearing before the Nasdaq Listing Qualifications Panel to review the Nasdaq Staff Determination. Such hearing is expected to occur no later than March 21; however, it was noted there could be no assurance the Nasdaq panel will grant the company’s request for continued listing. It was explained that eRoomSystem Technologies is a full-service in-room provider for the lodging and travel industries, with its “intelligent” in-room computer platform and communications network support designed to support eRoomSystem’s line of fully automated and interactive refreshment centers (minibars), room safes, ambient trays and other proposed in-room applications.
