VUANCE Receives Notification of Non-Compliance With NASDAQ's Continued Listing Requirements


FRANKLIN, Wisconsin, December 16 /PRNewswire/ --

VUANCE, Ltd. (Nasdaq: VUNC), a leading provider of innovative Radio
Frequency Verification Solutions, including active RFID, electronic access
control, credentialing, accountability and incident response management,
today announced that it was notified by the Nasdaq Stock Exchange on December
11, 2008 that the Company does not comply with the continued listing
requirements of Marketplace Rule 4310(c)(3), which requires the Company to
have a minimum of US$2.5 million in stockholders' equity, or US$35 million in
market value of listed securities, or US$500,000 of net income from
continuing operations for the most recently completed fiscal year or two of
the three most recently completed fiscal years.

As a result, the Nasdaq Staff is reviewing the Company's eligibility for
continued listing on The Nasdaq Capital Market. To facilitate their review,
the Nasdaq Staff has requested that the Company provide on or before December
26, 2008, the Company's specific plan to achieve and sustain compliance with
all The Nasdaq Capital Market listing requirements, including the time frame
for completion of the plan.

The Company intends to submit its plan to NASDAQ as requested. Should the
Nasdaq Staff conclude the Company is still not in compliance with listing
rules, it will have the opportunity to appeal the Staff's decision to a
Nasdaq Listing Qualifications Panel.

About VUANCE Ltd.

VUANCE Ltd. develops and markets state-of-the-art security solutions for
viewing, tracking, locating, credentialing, and managing essential assets and
personnel. VUANCE solutions encompass electronic access control, urban
security, and critical situation management systems as well as long-range
Active RFID for public safety, commercial, and government sectors. The
Company's comprehensive range of products enable our business partners to
offer their customers end-to-end solutions that can overcome the most
difficult security challenges. Its Incident Response Management System (IRMS)
is the industry's most comprehensive mobile credentialing and access control
system, designed to meet the needs of Homeland Security and other public
initiatives. VUANCE is serious about security.

VUANCE Ltd. is headquartered in Rockville, MD. Its common stock is listed
on the NASDAQ Capital Market under the symbol "VUNC". For more information,
visit http://www.vuance.com.

Safe Harbor

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements are subject
to known and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. Statements preceded or followed by or that
otherwise include the words "believes," "expects," "anticipates," "intends,"
"projects," "estimates," "plans," and similar expressions or future or
conditional verbs such as "will", "should", "would", "may" and "could" are
generally forward-looking in nature and not historical facts. Forward-looking
statements in this release also include statements about business and
economic trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors captioned as
"Risk Factors" in the Company's periodic reports under the Securities
Exchange Act of 1934, as amended, or in connection with any forward-looking
statements that may be made by the Company.

The Company also disclaims any duty to comment upon or correct
information that may be contained in reports published by the investment
community.

Investor/Media Contact
     Brett Maas
     Hayden IR
     Brett Maas, +1-646-536-7331
     brett@haydenir.com

© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.