CounterPath Regains Compliance with Nasdaq Minimum Bid Price Requirement
Vancouver, BC, Canada — November 18, 2015
CounterPath Corporation (Nasdaq: CPAH) (TSX: CCV), a developer of award-winning over-the-top (OTT) Unified Communications solutions for enterprises and operators, today announced that it has received a letter from the Nasdaq Stock Market LLC notifying the Company that it has regained full compliance with the Nasdaq Capital Market’s minimum bid price continued listing requirement.
The letter noted that the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for at least ten consecutive trading days. Accordingly, the Company has regained compliance with Nasdaq Marketplace Rule 5550(a)(2) and Nasdaq considers the matter closed.
About CounterPath
CounterPath’s Unified Communications solutions are changing the face of telecommunications. An industry and user favorite, Bria softphones for desktop, tablet and mobile devices, together with Stretto Platform server solutions, enable operators, OEMs and enterprises large and small around the globe to offer a seamless and unified over-the-top (OTT) communications experience across both fixed and mobile networks. The Bria and Stretto combination enable an improved user experience as an overlay to the most popular UC and IMS telephony and applications servers on the market today. Standards-based, cost-effective and reliable, CounterPath’s award-winning solutions power the voice and video calling, messaging, and presence offerings of customers such as Alcatel-Lucent, AT&T, Avaya, BroadSoft, BT, Cisco Systems, GENBAND, Metaswitch Networks, Mitel, NEC, Network Norway, Rogers and Verizon.
Visit: mrkt-stg.counterpath.com
For more information about CounterPath’s Bria softphone applications and provisioning solutions, visit: mrkt-stg.counterpath.com/products.
Contact:
David Karp
Chief Financial Officer
Email: [email protected]
Tel: (604) 628-9364
Steven Hards
Vice President, Investor Relations
Email: [email protected]
Tel: (604) 637-6498
