MTS Receives Non-Compliance Notice from Nasdaq Regarding Minimum Bid Price Requirement

Mer Telemanagement Solutions Ltd. MTSL, today announced it received a notice from the Listing Qualifications Department of Nasdaq advising the company that it was not in compliance with Nasdaq's requirement that listed securities maintain a minimum bid price of $1.00 per share as set forth in the Nasdaq Listing Rules. MTS has a 180 days' period, until June 20, 2016, to regain compliance with the $1.00 minimum bid price requirement. If at any time during this 180 days' period, the closing bid price of the company's ordinary shares is at least $1.00 for a minimum of ten consecutive business days, the company will regain compliance and the matter will be closed. In the event MTS does not regain compliance, it may be eligible for an additional 180 calendar days' extension to regain compliance. To qualify, MTS will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid See full press release