SALT LAKE CITY, April 14, 2011 /PRNewswire/ -- Dynatronics Corporation (NASDAQ: 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 shifts in market demand, market demand for the company's products, availability of financing at cost effective rates, and the risk factors listed from time to time in the company's SEC reports including, but not limited to, the report on Form 10-K for the year ended June 30, 2010.
SOURCE Dynatronics Corporation