HealthCare Technologies Ltd. (NASDAQ: HCTL) Announces Receipt of NASDAQ Delisting Notice
In response, the Company intends to timely request a hearing before aNASDAQ Listing Qualifications Panel to address the Staff Determination andseek continued listing in accordance with applicable NASDAQ rules. TheCompany's hearing request will stay any delisting action pending the issuanceof a decision by the Panel following the hearing.
In the event that the Company's appeal is unsuccessful, the Companybelieves that its ordinary shares will be eligible for trading on the OTCBulletin Board, subject to the filing of a Form 211 by a market maker.
For more information on NexGen Biofuels, visithttp://www.nexgenbiofuels.net
SAFE HARBOR: This press release contains certain forward lookingstatements within the meaning of Section 27A of the Securities Act of 1933and Section 21E of the Securities Exchange Act of 1934. With the exception ofhistorical information contained herein, the matters discussed in this pressrelease involve risk and uncertainties. Actual results could differmaterially from those expressed in any forward looking statement made by oron behalf of HealthCare Technologies Ltd. Readers are referred to thedocuments filed by the company with the Securities and Exchange Commission,specifically the Form 8-K filed on January 7, 2008 that identifies importantrisks which could cause actual results to differ from those contained in theforward looking statements.FOR: HealthCare Technologies Ltd. CONTACT: Eran Rotem CFO +972-3-9277232-3
SOURCE HealthCare Technologies Ltd
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