Alanco Regains NASDAQ Listing Compliance

Alanco Technologies

, today announced that it has received notification from NASDAQ that the Company has regained compliance with the minimum $1.00 per share bid price requirement for continued listing, and further, that the Company complies with all other applicable standards for continued listing of its securities on The NASDAQ Stock Market. On August 27, 2010, the Company effected a 1 for 8 reverse stock split. The reverse split automatically converted eight shares of Alanco's common stock into one new share of common stock. The reverse split will reduce the number of shares of outstanding common stock from approximately 41.7 million to approximately 5.2 million. The reverse stock split will also have a proportionate effect on any outstanding preferred stock, options and warrants. The number of authorized shares will remain unchanged at 75,000,000 shares. Learn how to find the best

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