China Information Technology Regains Compliance with NASDAQ Minimum Bid Price Rule
China Information Technology, Inc. (Nasdaq: CNIT) today announced that the Company has received a letter from the NASDAQ Stock Market dated March 19, 2012 advising the Company that the closing bid price of the Company's stock on NASDAQ has been at $1.00 per share or greater for 10 consecutive business days. Accordingly, the Company has regained compliance with the minimum bid price requirement for continued listing on the NASDAQ Global Select Market.
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