Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Biostar Pharmaceuticals, Inc. Regains Compliance with NASDAQ's Minimum Bid Price Requirement

04/20/2012 | 08:16pm US/Eastern
Recommend:
0

Biostar Pharmaceuticals, Inc. Regains Compliance with NASDAQ's Minimum Bid Price Requirement

XIANYANG, China, April 20, 2012/PRNewswire-Asia/ -- Biostar Pharmaceuticals, Inc. (NASDAQ GM: BSPM) ("Biostar" or "the Company"), a PRC-based manufacturer and marketer of pharmaceutical and health supplement products in Chinafor a variety of diseases and conditions, today announced that it has received written notification from the Nasdaq Listing Qualifications department that it has regained compliance with the minimum bid price requirement of $1.00per share for continued listing of its common stock on The NASDAQ Global Market set forth in Nasdaq Listing Rule 5450(a)(1), as its common shares achieved a closing bid price of $1.00or more for 10 consecutive business days prior to the compliance deadline of April 23, 2012and this matter is now closed.

About Biostar Pharmaceuticals, Inc.

Biostar Pharmaceuticals, Inc., through its wholly owned subsidiary and controlled affiliate in China, develops, manufactures and markets pharmaceutical and health supplement products for a variety of diseases and conditions. The Company's most popular product is its Xin Aoxing Oleanolic Acid Capsule, an over-the-counter ("OTC") medicine for chronic hepatitis B, a disease affecting approximately 10% of the Chinese population. For more information please visit: http://www.biostarpharmaceuticals.com

Safe Harbor relating to the Forward-Looking Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company uses words and phrases such as "guidance," "forecasted," "projects," "is expected," "remain confident," "will" and similar expressions to identify forward-looking statements in this press release, including forward-looking statements. Undue reliance should not be placed on forward-looking information. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Biostar and described in the forward-looking information contained in this news release. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the Company's ability to maintain its ongoing compliance with the Nasdaq continued listing requirements, success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to sustain our previous levels of profitability including on account of our ability to manage growth, intense competition, wage increases in China, its ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, its ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts and legal restrictions on raising capital or acquiring companies outside China. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our most recent Annual Report on Form 10-K for the year ended December 31, 2011, and other subsequent filings. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by or on our behalf.

For more information contact:




BioStar Pharmaceuticals, Inc. 

The Equity Group, Inc.

Zack Pan, CFO 

Lena Cati

Tel: 405-996-8829 

Tel: 212 836-9611

Email: zpan@aoxing-group.com

Email: lcati@equityny.com

SOURCE Biostar Pharmaceuticals, Inc.

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago NGL ENERGY PARTNERS : Announces Increased Quarterly Cash Distribution
<1m ago IMPERIAL OIL : reports voting results for election of directors
1m ago FINNING : Alberta-based company wins coast guard contract to upgrade two vessels
2m ago CENE LEAR : Jacksonville journal
2m ago UNDER ARMOUR : Navient, Under Armour joining S&P 500 index
3m ago XINJIANG GOLDWIND SCIENCE & TECH : Goldwind USA And InterEnergy Holdings Agree On Terms For 215MW Wind Project In Penonome, Panama
4m ago ST JOE : Mattamy completes RiverTown purchase ; Company plans new entrance, riverfront development
4m ago CULN FROS : Corrected Cullen/Frost Bankers Increases Quarterly Common Cash Dividend, Announces Quarterly Cash Dividend For Preferred Stock
5m ago CAPITAL SENIOR LIVING : SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Capital Senior Living Corp. Regarding Possible Breaches of Fiduciary Duty
5m ago ILOOKABOUT : Announces Fiscal 2013 Annual Filing and Shareholder Meeting Date
Latest news
Advertisement
Hot News 
SERVICEPOWER TECHNOLOGIES : Forms Strategic Relationship with Bosch
GREETINGS : Says Full-Year In Line With Expectations
Eagle Rock Announces Suspension of Distribution, Intent to Resume Following Close of Midstream Contribution Transaction
Elizabeth Arden Hires Goldman Sachs to Assist in Possible Sale -Reuters
CLEARFIELD : Reports Fiscal 2014 2nd Quarter Results
Most Read News
12m ago SUNCOKE ENERGY : Partners, L.P. : Announces Pricing of Public Offering of Common Units
13m ago UNITED COMMUNITY BANCORP : Announces Cash Dividend
10m ago EDISON : Linda Stuntz Joins Edison International and Southern California Edison’s Boards of Directors
12m ago MARLIN BUSINESS SERVICES : Announces Its First Quarter 2014 Earnings Conference Call and Webcast
13m ago RE/MAX : Continues Worldwide Growth
Most recommended articles
14h ago Juicy Apple buoys shares, euro volatility sinks
5h ago Healthcare deal hopes push FTSE to seven-week closing high
2d ago Barclays joins retreat from commodities as new rules bite
04/17 BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
14m ago AMAZON : CFO: first-quarter unit sales growth slowed from previous quarter
Dynamic quotes  
ON
| OFF