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Nu Horizons
Electronics Corp. Announces Compliance with Nasdaq
Listing Requirements
Melville, NY (November 26, 2007) - Nu Horizons
Electronics Corp. (NasdaqGM:NUHC) today announced
that the Nasdaq Office of the General Counsel,
Listing Qualifications Hearings has notified the
Company that due to the fact that the Company has
regained compliance with the Nasdaq requirement
relating to the filing of periodic reports with the
SEC, the hearing regarding the Company’s listing
status is moot and the review of the company's
listing status has been closed. Accordingly, the
Company’s common stock will continue to be traded on
the Nasdaq Global Market.
About Nu Horizons Electronics Corp.
Nu
Horizons Electronics Corp. is a leading global
distributor of advanced technology semiconductor,
display, illumination and system solutions to a wide
variety of commercial original equipment
manufacturers (OEMs) and Electronic Manufacturing
Services providers (EMS). With sales facilities in
51 locations across North America, Europe and Asia
and regional logistics centers throughout the globe,
Nu Horizons partners with a limited number of
best-in-class suppliers to provide in-depth product
development, custom logistics and life-cycle support
to its customers. Information on Nu Horizons and its
services is available at
http://www.nuhorizons.com
Cautionary Statement Regarding Forward-Looking
Statements
Except for historical information contained herein,
the matters set forth in this news release are
forward looking statements. When used in this press
release, words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar
expressions, as they relate to Nu Horizons or its
management, identify forward-looking statements.
Such forward-looking statements are based on the
current beliefs of Nu Horizons’ management, as well
as assumptions made by and information currently
available to its management. Forward-looking
statements involve certain risks and uncertainties
that could cause actual results to differ from those
in the forward looking-statements. Potential risks
and uncertainties include such factors as the level
of business and consumer spending for electronic
products, the amount of sales of the Company’s
products, the competitive environment within the
electronics industry, the ability of the Company to
continue to expand its operations, the level of
costs incurred in connection with the Company’s
expansion efforts, the financial strength of the
Company’s customers and suppliers and risks related
to the pending Vitesse-related class action
litigation. Investors are also directed to consider
other risks and uncertainties discussed in documents
filed by the Company with the Securities and
Exchange Commission. Such statements reflect our
current view with respect to the future and are
subject to these and other risks, uncertainties and
assumptions relating to Nu Horizons’ financial
condition, results of operations, growth strategy
and liquidity. The Company does not undertake any
obligation to update its forward-looking statements.
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