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Selectica Receives Stay Of Nasdaq Delisting Decision
Selectica today announced that on March 23, 2007 it received a letter from The Nasdaq Stock Market, stating that the Nasdaq Listing and Hearing Review Council (the 'Listing Council') has called for review of the February 8, 2007 decision of the Nasdaq Listing Qualifications Panel (the 'Panel') regarding the Company and has stayed the Panel's February 8, 2007 decision and any future Panel determinations to suspend the Company's securities from trading, pending further action by the Listing Council. As previously disclosed, the Panel's February 8, 2007 decision conditioned the Company's continued listing on The Nasdaq Stock Market on the Company becoming current in its delinquent periodic reports, and filing any required restatements, by May 9, 2007.
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