June 2, 2010 (FinancialWire) — Authentidate Holding Corp. (NASDAQ: ADAT) said it has received a deficiency notification from the NASDAQ Stock Market dated May 26, 2010 as the result of Authentidate not complying with the $1 minimum closing bid price requirement of Nasdaq Listing Rule 5550(a)(2) during the consecutive 30 business day period from April 13, 2010 through May 25, 2010.

According to the company, the notification has no effect on the listing of the company's common stock at this time.

Authentidate said it has been afforded a grace period of 180 calendar days in which to regain compliance with the minimum bid price requirement. To regain compliance, the company must meet or exceed the $1 minimum closing bid price for a minimum of 10 consecutive business days during the grace period.

If the company is unable to achieve this standard during the grace period, it will be eligible for an additional grace period of 180 calendar days provided that it meets the initial listing criteria, other than the minimum bid price requirement, for The Nasdaq Capital Market.

Should Authentidate not regain compliance during the initial grace period and is not eligible for an additional grace period, Nasdaq will provide written notice that the company's common stock is subject to delisting from The Nasdaq Capital Market. In that event, the company may appeal such decision to a hearings panel. New Jersey-based Authentidate Holding is a provider of secure health information exchange, workflow management services and telehealth solutions. The company's software and web-based services are meant to enable healthcare organizations and other enterprises to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes.

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