First Security Group (FSGI)
Company Profile: First Security Group provides banking and financial services to various communities in eastern and middle Tennessee and northern Georgia.Current Share Price: 86 cents (April 26) Listing Violation: Bid price. The listing rule requires that a company maintains a minimum closing bid price of $1 per share for its common stock. First Security shares last closed above $1 on Feb. 17 Received Nasdaq Notice: April 4 Management's Expected Action: First Security said it has until Oct. 3 to regain compliance with the bid price rule. The company said it is currently evaluating its alternatives to resolved compliance with the listing requirement.
HSW International (HSWI) Company Profile: HSW International is an online publishing company that develops and operates Internet businesses focused on providing consumers in the world's digital economies with locally relevant, high-quality information and ways to connect with each other. Current Share Price: $4.44 (April 26) Listing Violation: Equity. The Nasdaq requires a minimum stockholders' equity of $10 million for continued listing. HSW International's stockholders' equity as of Dec. 31 was $8.78 million. Received Nasdaq Notice: April 4 Management's Expected Action: HSW International has been given until May 19 to submit a plan to the Nasdaq to regain compliance. If the plan is accepted, Nasdaq can grant an extension until Oct. 3. The company said it expects it will be able to satisfy the requirements, also noting it is eligible to transfer the listing of its common stock to the Nasdaq Capital Market and could do so to maintain continued listing.