SALT LAKE CITY, April 14, 2011 /PRNewswire/ — Dynatronics
DYNT) today announced that the company has received a letter
from NASDAQ stating that Dynatronics has regained compliance with
the $1.00 minimum bid requirement for listing on that exchange.
“By curing the $1 minimum bid deficiency, we have removed the
current threat of delisting, thus preserving value for our
shareholders,” stated Kelvyn H. Cullimore Jr., chairman and
president of the company.
“We believe Dynatronics has more potential now than perhaps at
any time in our 30-year history,” he added. “I say that not only
because of our success in securing three important GPO contracts
and our sustained profitability over the past nine quarters, but
also because of the new products we have under development and the
potential of our Stream software service.”
Dynatronics manufactures, markets and distributes
advanced-technology medical devices, orthopedic soft goods and
supplies, treatment tables and rehabilitation equipment for the
physical therapy, sports medicine, chiropractic, podiatry, plastic
surgery, dermatology and other related medical, cosmetic and
aesthetic markets. More information regarding Dynatronics is
available at http://www.dynatronics.com.
This press release contains forward-looking statements. Those
statements include references to the company’s expectations and
similar statements such as the statement regarding the company
having more potential now than perhaps ever in its 30-year history.
Actual results may vary from the views expressed in the
forward-looking statements contained in this release. The
development and sale of the company’s products are subject to a
number of risks and uncertainties, including, but not limited to,
changes in the regulatory environment, competitive factors,
inventory risks due to sh