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Amerityre Corp. Resolves Deficiency with NASDAQ Marketplace Rule.

Publication: M2 Presswire
Publication Date: 26-JUN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-26 June 2007-ANALYSIS: Amerityre Corp. Resolves Deficiency with NASDAQ Marketplace Rule(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:26062007

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Amerityre Corporation, a leading developer of polyurethane elastomer tire technologies, today June 25, 2007 announced that it received a letter dated June 19, 2007 from NASDAQ, indicating that the Listing Department had determined that Amerityre had inadvertently failed to comply with NASDAQ Marketplace Rule 4350(i)(1)(A) (the "Rule"). The letter also indicated that the matter has been resolved.

The NASDAQ letter noted the Company's failure to obtain shareholder approval prior to selling shares of common stock to insiders at a discount...

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