Home › DMW Daily › September 22, 2009

Adult Media Firm Private Media Group Gets Nasdaq Warning

Authored by Mark Hefflinger on September 22, 2009 - 9:28am.
Barcelona - Private Media Group (NASD: PRVT), a distributor of adult entertainment content over broadcast, mobile, online and print publications, said on Tuesday that it received notice from the Nasdaq that its shares have not met the exchange's $1 minimum price for the previous 30 days, and are in danger of being delisted.

The company now has 180 days to regain compliance with Nasdaq listing requirements.

Barcelona-based Private Media said it will "monitor the bid price for its common stock and consider various options available to it if its common stock does not trade at a level that is likely to regain compliance."

The company operates the third-largest video-on-demand platform in the U.S., and also operates GameLink, an adult Internet retail site.

 

Related Links:
http://www.prvt.com

Published in DMW Daily, September 22, 2009
tags: Mobile | Video | Adult | Private Media Group | Delistings |



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