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UPDATE: Nasdaq Issues Delist Notification to Interphase Corporation

NEW YORK, Oct. 08, 2015 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (“Nasdaq”) announced today, that on October 1, 2015, it notified Interphase Corporation (the “Company”) (Nasdaq:INPH) that the Company’s common stock will be delisted from Nasdaq based on public interest concerns raised by the Company’s determination to cease operations and commence bankruptcy proceedings under Chapter 7 of the U.S. Bankruptcy Code.

Unless the Company appeals this determination, Nasdaq will suspend trading of the Company’s common stock as of the open of business on October 12, 2015, and file a Form 25-NSE with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed.

For news and additional information about the Company, please review its public filings or contact the Company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: http://www.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.

About Nasdaq:

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $9.6 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.

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Nasdaq Media Relations Contact: Will Briganti +1.646.441.5012 william.briganti@nasdaq.com

Source:NASDAQ, Inc.