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WebMediaBrands Receives Nasdaq Notification Letter; Shares Below Minimum Bid Price

Courtesy of Benzinga.

WebMediaBrands, Inc. (Nasdaq: WEBM) today announced that on September 22, 2011, it received a notice from the Nasdaq Stock Market indicating that it no longer complies with the requirements of Nasdaq Marketplace Rule 5450(a)(1) for continued listing on the Nasdaq Global Market. The rule requires that shares of WebMediaBrands’s stock maintain a minimum bid price of $1.00 per share.


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