STATEPLACENEW BRUNSWICK SCIENTIFIC CO., INC.
P.O. Box 4005 - 44 Talmadge Road - Edison, NJ 08818-4005 U.S.A.
CONTACTS:
Thomas Bocchino Matthew J. Dennis, CFA
Vice President, Finance and Treasurer NBS Investor Relations
New Brunswick Scientific Co., Inc. Clear Perspective Group, LLC
732.650.2500 732-226-3030
tbocchino@nbsc.com mdennis@cpg-llc.com
FOR IMMEDIATE RELEASE
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NEW BRUNSWICK SCIENTIFIC ANNOUNCES NASDAQ NOTICE
EDISON, NEW JERSEY, OCTOBER 19, 2006-New Brunswick Scientific Co., Inc. (NBS)
(NASDAQ: NBSC), a leading provider of a comprehensive line of research equipment
and scientific instrumentation for use in the life science industry, today
announced that it has received a notification from the NASDAQ Listing
Qualifications Department that, as a result of the untimely death of one of its
directors, Joel Jaffe, on October 8, 2006, it was no longer in compliance with
NASDAQ's audit committee requirements because it currently had only two
independent directors serving on its audit committee. NASDAQ Marketplace Rule
4350(d)(2) requires the audit committee be composed of at least three
independent directors. The notification has no effect on the listing of the
Company's common stock at this time.
The notification stated that the Company has until the earlier of the next
annual meeting of shareholders, or October 7, 2007, to regain compliance and the
Company must submit to NASDAQ certain documents evidencing compliance with the
rules no later than such date. The Company is in the process of identifying
qualified audit committee candidates and expects to appoint a new independent
director to the audit committee within the grace period provided by NASDAQ.
ABOUT NEW BRUNSWICK SCIENTIFIC
New Brunswick Scientific Co., Inc., is a leading global provider of a
comprehensive line of research equipment and scientific instrumentation for use
in the life science industry. The Company's products are used in the creation,
maintenance and control of physical and biochemical environments required for
the growth, detection and storage of microorganisms for medical, biological and
chemical applications, as well as environmental research and commercial product
development. NBS is a forerunner in the research and development of pioneering
equipment to meet the challenges of new areas of advancement in life science.
Established in 1946, New Brunswick Scientific is headquartered in Edison, New
Jersey, with sales and distribution facilities strategically located in the
United States, Europe and Asia. For more information, please visit www.nbsc.com
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