SOURCE: I-many

November 26, 2008 17:20 ET

I-many Receives NASDAQ Notice of Non-Compliance

EDISON, NJ--(Marketwire - November 26, 2008) - I-many, Inc. (NASDAQ: IMNY), a leading provider of contract management software and services for the enterprise, reported that on November 24, 2008, the Company received a NASDAQ Staff Determination indicating that the Company has not regained compliance with the minimum $35 million market value of listed securities requirement set forth in NASDAQ Marketplace Rule 4310(c)(3)(B) (the "Rule"). As a result, the Company's common stock would be subject to delisting unless the Company requests a hearing before the NASDAQ Listing Qualifications Panel (the "Panel"). I-many intends to request a hearing before the Panel. Consequently, I-many's common stock will remain listed on The NASDAQ Capital Market until the Panel renders a decision following the hearing. However, there can be no assurance that the Panel will grant I-many's request for continued listing.

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