Monday, March 5, 2012

Alarm company faces new Nasdaq problem.(Business)

Byline: ALAN WECHSLER Business writer

ALBANY - Integrated Alarm Services Group Inc., which recently faced a potential Nasdaq delisting due to late earnings statements, is facing the same threat again.

This time, though, company officials expect the problem to be resolved in two weeks when a new board is voted in by shareholders at the annual meeting.

The problem stems from Nasdaq Marketplace Rule 4350.

In 2003, in light of Enron and other corporate scandals, a 44-page amendment was added to the rules governing Nasdaq-listed companies to regulate the relationships of board members. Albany-based Integrated, which provides monitoring and …

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