Granite City Food & Brewery Regains Compliance with NASDAQ Minimum Bid Price Requirement
Granite City Food & Brewery Ltd. (NASDAQ: GCFB) announced today that following the company's 1 for 6 share combination, the closing bid price of its common stock has been at $1.00 per share or greater for at least 10 consecutive business days.
The company has been notified by NASDAQ that it has regained compliance with Listing Rule 5550(a)(2). Beginning on Tuesday, February 2nd, 2010 the Company's trading symbol will revert to its original 'GCFB' symbol.
Granite City Food & Brewery Ltd. is a Modern American upscale casual restaurant chain that operates 26 restaurants in 11 states. The menu features affordable yet high quality family favorite menu items prepared from made-from-scratch recipes and served in generous portions. The sophisticated yet unpretentious restaurants, proprietary food and beverage products, attractive price points and high service standards combine for a great dining experience. Granite City opened its first restaurant in St. Cloud, Minnesota in 1999.
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