SWAT receives warning from Nasdaq

LOUISVILLE – Security With Advanced Technology Inc., or SWAT, a Louisville-based security firm that produces nonlethal personal protection devices, has received a letter of deficiency from Nasdaq staff saying the company has failed to comply with the minimum stock bid price requirement.

The March 25 letter notified the company (NasdaqCM: SWAT) its common stock bid price has closed under $1 for the last 30 business days.

SWAT has 180 days, or until Sept. 22, 2008, for its stock to reach $1. The company may be delisted during the 180-day period for failure to maintain compliance with any other listing requirements.

SWAT moved to…