Insignia Deemed by Nasdaq in Compliance with Requirements for Continued Listing
19 May 2005
Insignia Solutions (Nasdaq:INSG - News) today announced that it has been advised by the Nasdaq Stock Market that, based on its balance sheet as of March 31, 2005 reporting a shareholders' equity of $3,640,000, included in its Form 10-QSB filed with the Securities and Exchange Commission on May 16, 2005, Insignia has evidenced compliance with the shareholders' equity requirement necessary for the continued listing of its American Depository Shares ("ADSs") on the Nasdaq SmallCap Market. Accordingly, the Nasdaq proceedings for the delisting of the ADSs from the Nasdaq SmallCap Market have been terminated.
About Insignia Solutions
Insignia enables mobile operators and terminal manufacturers to manage a growing, complex and diverse community of mobile devices. Insignia's products and services radically reduce customer care and recall costs, maintain device integrity, and enable a wide range of new mobile services. Insignia SSPv2 product is a complete standard-based mobile device management offering, which includes client provisioning technologies supported by most of the mobile devices in the past, OMA-DM based technology used by current mobile devices and future OMA-DM based technologies. Founded in 1986, Insignia has a long history of innovation, stewardship of major industry standards, and the trust of dozens of manufacturers around the world. Insignia Solutions is traded on NASDAQ under the symbol INSG. Insignia is headquartered in Fremont, California, with research and development and European operations based in the United Kingdom and Sweden as well as regional offices in Hong Kong and Seoul. For additional information about Insignia or its products, please visit www.insignia.com.
Insignia's global customer list includes ACCS, Amena, Axalto, Campuz Mobile, CTBC, Dobson, I wireless, MTN, New World Mobility, Porta, Telstra, 3, Soutec, Spinbox and Vodacom.
Insignia, Insignia Solutions, and the Insignia Solutions logo are registered trademarks of Insignia Solutions, Inc.
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Contact:
Insignia Solutions
Roger Friedberger, 510-360-3700
or
Financial Dynamics
Teresa Thuruthiyil, 415-439-4500 (Investors)
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Source: Insignia Solutions
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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