OAKLAND, Calif., Sept. 8 /CNW/ -- (Nasdaq: WHRTD) - World Heart
Corporation (the "Company") announced today that on August 31, 2009, the
Company received a NASDAQ Staff Deficiency Letter indicating that the Company
was not in compliance with NASDAQ Listing Rule 5550(a)(4). This rule requires
the Company to maintain a minimum of 500,000 publicly held shares for
continued listing on the NASDAQ Capital Market. Subsequently on September 4,
2009, the Company received a letter from the NASDAQ Staff stating that the
Company has regained compliance with Listing Rule 5550(a)(4) and that this
matter is now closed.
About World Heart Corporation
WorldHeart is a developer of mechanical circulatory support systems.
WorldHeart is headquartered in Salt Lake City, Utah with additional facilities
in Oakland, California, USA and Herkenbosch, The Netherlands. WorldHeart's
registered office is in 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 all statements relating to WorldHeart'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: delisting from the NASDAQ Capital Market if compliance with the
listing standards, including the minimum publicly held shares requirement, is
not maintained; and other risks detailed in WorldHeart's filings with the U.S.
Securities and Exchange Commission, including without limitation its Annual
Report on Form 10-K for the year ended December 31, 2008 and its Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009.
For further information:
For further information: Morgan Brown, +1-801-303-4361, or Peggy Allman,
+1-510-563-4721, both of World Heart Corporation Web Site: