BILLERICA, Mass., Feb. 3 /PRNewswire/ -- Peritus Software Services, Inc.
(Nasdaq: PTUSE), announced that it was notified at 4:30 P.M. today by The
Nasdaq Stock Market, Inc. that the Nasdaq Qualifications Listing Panel
determined to delist the Company's securities from the Nasdaq Stock Market
effective with the close of business today. According to the letter received
by the Company, the Panel determined to apply additional and more stringent
listing criteria in light of the Company's history of significant losses.
The securities of the Company may immediately be eligible to trade on the
OTC Bulletin Board.
About Peritus
Founded in 1991, Peritus Software Services, Inc. is a provider of software
maintenance outsourcing services. The Peritus Software Asset Maintenance
(SAM) offerings enable organizations to transform the maintenance process into
an efficient, cost-effective discipline that boosts productivity and
performance. SAM offerings include customized services for software
providers, information systems organizations, and Year 2000 renovations.
Peritus is headquartered in Billerica, MA.. For more information, see the
Peritus web site at http://www.peritus.com.
Peritus is a registered trademark and Software Asset Maintenance is a
service mark of Peritus Software Services, Inc.
SOURCE Peritus Software Services, Inc.
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Related links:
http://www.peritus.com
Company News On-Call:
http://www.prnewswire.com/comp/123089.html or fax,
800-758-5804, ext. 123089
CONTACT:
John Giordano, Chief Financial Officer of
Peritus Software Services, Inc., 978-670-0800,
jgiordano@peritus.com
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