Vimicro International Regains Compliance with Minimum-Bid
Closing-Price Requirement
BEIJING, Nov. 1, 2012 /PRNewswire-FirstCall/ -- Vimicro
International Corporation (NASDAQ: VIMC) ("Vimicro" or the
"Company"), a leading PC-camera processor and IP-based surveillance
solution provider, today announced that the Company recently
received notification from the Nasdaq Stock Market of having
regained compliance with the $1.00
minimum per-share closing bid-price requirement.
"We are pleased to be back in compliance with Nasdaq's
requirements. The Company will keep focusing on our business of
processors and surveillance solutions," commented David Tang, Chief Financial Officer of Vimicro.
"Our team is enhancing the quality of our communication with
investors so that they can better understand Vimicro's transition
and our new strategic directions. Through these efforts, we hope to
create and unlock additional value for our shareholders."
About Vimicro International Corporation
Vimicro International Corporation is a leading multimedia
semiconductor and solution provider that designs, develops and
markets mixed-signal semiconductor products and system-level
solutions that enable multimedia capabilities in a variety of
products for PC/Notebook, consumer electronics and surveillance
markets. Vimicro is aggressively expanding business into the
surveillance market with system-level solutions and semiconductor
products to capitalize on China's
domestic demand. Vimicro's ADSs, each of which represents four
ordinary shares, are currently trading on the NASDAQ Global Market
under the ticker symbol "VIMC."
SOURCE Vimicro International Corporation