CHARLOTTE, N.C., March 1, 2013 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher Hygiene") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential hygiene and sanitation products and services, announced today that the NASDAQ Stock Market ("NASDAQ") has granted Swisher Hygiene's request to remain listed on NASDAQ through March 15, 2013, subject to meeting specific conditions for continued listing.
Swisher Hygiene continues its progress to regaining compliance with NASDAQ rules and has recently filed its amended Quarterly Reports on Form 10-Q/A for the periods ended March 31, 2011, June 30, 2011, and September 30, 2011 as well as its Annual Report on Form 10-K for the year ended December 31, 2011. Swisher Hygiene will continue its work toward meeting the conditions to remain listed on NASDAQ, including filing its Form 10-Qs for the quarterly periods ended March 31, 2012, June 30, 2012 and September 30, 2012 on or before March 15, 2013. Swisher Hygiene also requested an extension through April 30, 2013 to file its Form 10-K for 2012. NASDAQ has advised Swisher Hygiene that it will retain jurisdiction to make a determination whether to continue listing Swisher Hygiene through the filing of the 2012 Form 10-K. Swisher Hygiene can provide no assurance as to when it will complete these filings and can provide no assurance that it will remain listed on NASDAQ following the expiration of the March 15, 2013 extension.
"We are pleased that the Hearings Panel has seen the progress we have recently made and has granted us an additional extension to maintain Swisher Hygiene's listing on NASDAQ," said Thomas Byrne, President and Chief Executive Officer of Swisher Hygiene. "We remain committed to finalizing our 2012 financials as expeditiously as possible. While this process is completed, we remain dedicated to serving our customers nationwide on a day-to-day basis with our comprehensive core chemical program as well as our complementary hygiene and sanitation services."