ATLANTA, Feb. 12, 2016 (GLOBE NEWSWIRE) -- American CareSource Holdings, Inc. (NASDAQ:GNOW), an urgent and primary care company operating under the name GoNow Doctors (the "Company"), announces that the Nasdaq Hearings Panel (the "Panel") granted the Company's request for an extension until May 16, 2016 to evidence compliance with the $2.5 million stockholders' equity requirement. The Company's continued listing on Nasdaq during the extension period is subject to the Company's timely satisfaction of certain conditions, including the provision of interim updates to the Panel. The Company is diligently working to evidence compliance with the terms of the Panel's decision; however, there can be no assurance the Company will be able to timely do so.
Adam Winger, the President and CEO of the Company, said, "We are pleased to have received this extension from the Nasdaq Hearings Panel and we look forward to providing them with the required information and updates on our progress."
This announcement contains "forward-looking statements". These statements are subject to significant risks and uncertainties, actual results and future events could differ materially from those projected, and the Company cautions stockholders not to place undue reliance on the forward-looking statements contained in this press release. Risks and uncertainties exist related to the Company and its business due to a number of factors, including the statements under "Risk Factors" contained in the Company's reports filed with the SEC. Given these uncertainties, you should not place undue reliance on these forward-looking statements. The Company intends these forward-looking statements to speak only as of the date of this press release and undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in the Company's expectations, except as required by law.
About American CareSource Holdings, Inc.
American CareSource Holdings, Inc. owns and manages a growing chain of fourteen urgent and primary care centers operating under the tradenames Medac and GoNow Doctors and an ancillary services network that provides ancillary healthcare services through its nationwide provider network. The Company's stock trades on the Nasdaq Capital Markets under the ticker "GNOW."
For more information, please contact: Adam Winger President and Chief Executive Officer (205) 250-8381 firstname.lastname@example.org Media: Laura Radocaj Dian Griesel Int'l. 212-825-3210