Wegener Corporation Receives Nasdaq Notice

2008-08-22 16:00:00

    DULUTH, Ga., Aug. 22 /EMWNews/ -- Wegener Corporation

(Nasdaq: WGNR) today announced that on August 21, 2008 it received a notice

from Nasdaq indicating that, for the last 30 business days, the bid price

of the Company's common stock has closed below the minimum $1.00 per share

requirement for continued inclusion under Marketplace Rule 4310(c)(4) (the

"Rule"). Therefore, in accordance with Marketplace Rule 4310(c)(8)(D), the

Company will be provided 180 calendar days, or until February 17, 2009, to

regain compliance. If, at any time before February 17, 2009, the bid price

of the Company's common stock closes at $1.00 per share or more for a

minimum of 10 consecutive business days, the Company will be provided

written notification that it complies with the Rule.



    If compliance with the Rule cannot be demonstrated by February 17,

2009, the Nasdaq staff will determine whether the Company meets The Nasdaq

Capital Market initial listing criteria as set forth in Marketplace Rule

4310(c), except for the bid price requirement. If the Company meets the

initial listing criteria, the Nasdaq staff will notify the Company that is

has been granted an additional 180 calendar day compliance period. If the

Company is not eligible for an additional compliance period, the Nasdaq

staff will provide written notification that the Company's securities will

be delisted. At that time, the Company may appeal the Nasdaq staff's

determination to delist its securities to a Listing Qualifications Panel.



    ABOUT WEGENER



    WEGENER(R) (Wegener Communications, Inc.), a wholly-owned subsidiary of

Wegener Corporation (Nasdaq: WGNR), is an international provider of digital

solutions for video, audio, and IP data networks. Applications include IP

data delivery, broadcast television, cable television, radio networks,

business television, distance education, business music and financial

information distribution. Compel(R), WEGENER's patented network control

system, provides networks with unparalleled ability to regionalize

programming and commercials. Compel(R) network control capability is

integrated into WEGENER(R) digital satellite receivers. WEGENER(R) can be

reached at +1.770.814.4000 or on the World Wide Web at

http://www.wegener.com .



    WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE

DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for

WEGENER(R)), the stylized C-design logo (for Compel(R)) and the stylized

PANDA design logo are all registered trademarks of WEGENER(R). All Rights

Reserved.



    This news release may contain forward-looking statements within the

meaning of applicable securities laws, including the Private Securities

Litigation Reform Act of 1995, and the Company intends that such

forward-looking statements are subject to the safe harbors created thereby.

Forward-looking statements may be identified by words such as "believes,"

"expects," "projects," "plans," "anticipates," and similar expressions, and

include, for example, statements relating to expectations regarding future

sales, income and cash flows. Forward-looking statements are based upon the

Company's current expectations and assumptions, which are subject to a

number of risks and uncertainties including, but not limited to: customer

acceptance and effectiveness of recently introduced products, development

of additional business for the Company's digital video and audio

transmission product lines, effectiveness of the sales organization, the

successful development and introduction of new products in the future,

delays in the conversion by private and broadcast networks to next

generation digital broadcast equipment, acceptance by various networks of

standards for digital broadcasting, the Company's liquidity position and

capital resources, general market conditions which may not improve during

fiscal year 2008 and beyond, and success of the Company's research and

development efforts aimed at developing new products. Discussion of these

and other risks and uncertainties are provided in detail in the Company's

periodic filings with the SEC, including the Company's most recent Annual

Report on Form 10-K. Since these statements involve risks and uncertainties

and are subject to change at any time, the Company's actual results could

differ materially from expected results. Forward-looking statements speak

only as of the date the statement was made. The Company does not undertake

any obligation to update any forward-looking statements.





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