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Charles & Colvard regains compliance with Nasdaq listing requirements

December 07, 2009 By: NCTechNews Category: General News

(Morrisville, N.C.) Charles & Colvard, Ltd. (NASDAQ: CTHR), the sole manufacturer of moissanite jewels, The Most Brilliant Jewel in the World™, announced today that on December 3, 2009, because the closing bid price of its common stock has been at or above $1.00 per share for at least 10 consecutive trading days, the Company received notification from the Nasdaq Stock Market Listing Qualifications Department that the Company has regained compliance with the minimum bid price rule pursuant to Listing Rule 5450(a)(1) and the matter is now closed.

Randy N. McCullough, President and Chief Executive Officer of Charles & Colvard commented, “We are extremely pleased to have achieved this important milestone and appreciate the confidence our shareholders have demonstrated to help make it happen. We are committed to working hard on strategic initiatives to increase shareholder value and continuing to earn the confidence they have placed in us.”

Charles & Colvard, Ltd. (NASDAQ: CTHR), based in the Research Triangle Park area of North Carolina, is the global sole source of lab-created moissanite, a unique, near-colorless jewel that is distinct from other gemstones and jewels based on its exceptional fire, brilliance, luster, durability, and rarity. Charles & Colvard Created Moissanite is currently used in fine jewelry sold primarily through domestic and international retailers. For more information, please access www.moissanite.com or www.charlesandcolvard.com.

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