WPT Enterprises, Inc. (Nasdaq: WPTE) today announced that it has
received notification from The NASDAQ Stock Market that it has regained
compliance with the $1.00 per share minimum closing bid price
requirement of Listing Rule 5450(a)(1).
To regain compliance with the closing bid price rule, the Company was
required to experience a closing bid price of $1.00 per share or more
for a period of at least 10 consecutive trading days on The NASDAQ Stock
Market. On June 30, 2009, the closing bid price of the Company's common
stock had been $1.00 per share or more for ten consecutive trading days.
The previously disclosed delisting proceeding related to the Company’s
closing bid price compliance is now closed.
About WPTE
WPT Enterprises, Inc. is one of the most recognized names in
internationally televised gaming and entertainment with brand presence
in land-based tournaments, television, online and mobile. WPTE has led
innovation in the sport of poker since 2002, when it ignited the global
poker boom with the creation of the World Poker Tour® television show.
Based on a series of high stakes poker tournaments, WPT is now broadcast
globally and premiered its all-new seventh season on Fox Sports Net’s
national sports network in the United States in January 2009. WPTE also
offers a unique online subscription and sweepstakes-based poker club,
ClubWPT.com, which operates in 38 states across the U.S. WPTE also
participates in strategic brand license, partnership and sponsorship
opportunities. For more information, see www.worldpokertour.com.
(WPTEG)
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