DCAP Group Receives Nasdaq Deficiency Notice (Business Wire)

Monday October 6, 4:05 pm ET HEWLETT, N.Y.--(BUSINESS WIRE)--DCAP Group, Inc. (NASDAQ: DCAP - News ), the largest chain of independent storefront insurance agencies in the Northeast, today announced that, on October 1, 2008, the Company received a deficiency notice from The Nasdaq Stock Market notifying the Company that it is not in compliance with Nasdaq Marketplace Rule 4310(c)(4) because the Company's common stock closed below the minimum bid price of $1.00 per share for the preceding 30 consecutive business days. In accordance with Marketplace Rule 4310(c)(8)(D), DCAP Group has been provided an initial period of 180 calendar days, or until March 30, 2009, to regain compliance with the minimum $1.00 share bid price requirement. According to the letter, if at any time before March 30, 2009, the bid price of the Company's... [read full story]