MINNEAPOLIS -- Ciprico Inc. (NASDAQ: CPCI) (the Company), announced today that the Company received a letter on July 30, 2008 from the Nasdaq Stock Market stating that the Nasdaq Listing Qualifications Hearings Panel (the Panel) has determined to delist the Companys shares from the Nasdaq Stock Market and will suspend trading of those shares at the open of business on Friday, August 1, 2008.
In addition to the Companys previously reported Nasdaq listing violations, the July 28, 2008 filing for protection under Chapter 11 of the U.S. Bankruptcy Code served as a basis for delisting the Companys securities. The Company does not intend to incur additional costs to appeal the Panels decision.
Ciprico Inc.
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