WorldHeart Common Shares Continue to be Listed on the NASDAQ Capital
OAKLAND, Calif., June 12 /CNW/ -- (Nasdaq: WHRT, TSX: WHT) -- World Heart
Corporation (the "Company") announced today that the Company has determined to
voluntarily delist its common shares from the Toronto Stock Exchange. The
Company's business moved primarily to the United States in 2005 and
approximately 80% of the stock trades occur on the NASDAQ Capital Market. The
common shares will be delisted from the Toronto Stock Exchange at the end of
the day on Friday, June 13, 2008.
The Company's common shares continue to be listed on the NASDAQ Capital
About World Heart Corporation
WorldHeart is a developer of mechanical circulatory support systems. The
Company is headquartered in Oakland, California, USA with additional
facilities in Salt Lake City, Utah and Herkenbosch, Netherlands. WorldHeart's
registered office is Ottawa, Ontario, Canada.
Any forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
and include any statements regarding the Company's ability to regain
compliance with the NASDAQ Capital Market listing requirements, as well as
other statements that can be identified by the use of forward-looking
language, such as "believes," "feels," "expects," "may," "will," "should,"
"seeks," "plans," "anticipates," or "intends" or the negative of those terms,
or by discussions of strategy or intentions. Investors are cautioned that all
forward-looking statements involve risk and uncertainties, including without
limitation: the Company's immediate need for additional capital, risks in
product development and market acceptance of and demand for the Company's
products; delisting from the NASDAQ Stock Market if compliance with the
listing standards, including the Minimum Bid Price Rule and other minimum
standards, is not regained; and other risks detailed in the Corporation's
filings with the U.S. Securities and Exchange Commission, including without
limitation its Annual Report on Form 10-KSB for the year ended December 31,
For further information:
For further information: Mr. David Pellone, +1-510-563-4775, or Ms.
Peggy Allman, +1-510-563-4721, both of World Heart Corporation Web Site: