Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a global provider of software solutions for online video advertising and telecommunications expense management and billing solutions, has received a notice from the Listing Qualifications Department of the NASDAQ Stock Market Inc. indicating that for the 15 consecutive business days from April 4, 2016 to April 22, 2016, the closing bid price of the Company´s Ordinary Shares were USD1.00 per share or greater.
Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and the Company´s shares will remain listed on the NASDAQ Capital Market.
MTS provides video advertising solutions for online and mobile platforms and TEM and Billing solutions and services. Headquartered in Israel, MTS markets its solutions through wholly-owned subsidiaries in Israel, the US and Hong Kong, as well as through distribution channels.
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