Monday, March 29, 2010

Media Sciences International, Inc. Receives NASDAQ Notice Regarding Minimum Bid Price - Subject to Delisting


The article below caught my eye because we routinely advise owners of Xerox Phaser Solid Ink printers to use only Genuine Xerox Brand Solid Ink. We've seen too many of these printers require repairs associated with the use of non-Xerox solid ink products, including products from Media Sciences.

Our stance on solid ink almost seems hypocritical since our business is built on reman and compatible toner and ink products. Our customers, on average, save from 25-50% on printer supplies compared to name brand.

But, there is a difference in the various technologies of the printers we service and supply: Laser, Inkjet and Solid Ink. Laser (or toner based) printers, and inkjet (or liquid ink based) printer respond very well to the high quality toner and ink products we supply. However, the technology engineered in the Xerox solid ink line of Phaser printers is unique. All compatible products we've tested and seen in the field produce lower quality color, can clog the print-head, and often get stuck in the ink loader.

And now, the article, from CNN:

Media Sciences International, Inc. Receives NASDAQ Notice Regarding Minimum Bid Price - Subject to Delisting

OAKLAND, N.J., March 19 /PRNewswire-FirstCall/ -- Media Sciences International, Inc. (Nasdaq: MSII) today announced that it received a NASDAQ Staff Determination on March 16, 2010 indicating that the Company has not regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in NASDAQ Marketplace Rule 5550(a)(2), and that the Company's securities are, therefore, subject to delisting from The NASDAQ Capital Market. The Company has requested a hearing before a Hearings Panel to review the Staff Determination. The request for a hearing will stay the delisting pending the Panel's decision. There can be no assurance that the Panel will grant the Company's request for continued listing.

Media Sciences International, Inc. is the leading independent manufacturer of new build solid ink and color toner cartridges for office color printers. As the premium quality color toner and solid ink alternative to the printer manufacturer's brand, Media Sciences' 100% newly manufactured color toner and solid ink products for use in Dell®, Konica Minolta®, OKI®, Ricoh®, Samsung®, and Xerox® and many other color printers deliver significant savings when compared to the printer manufacturers brand.

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