Delisting Determination,The Nasdaq Stock Market, LLC, June 5, 2007,
Margo Caribe, Inc. The Nasdaq Stock Market, LLC
(the Exchange) has determined to remove from listing the
common stock of Margo Caribe, Inc. (the Company),
effective at the opening of business on June 15, 2007.
Based on a review of the information provided by the Company,
Nasdaq Staff determined that the Company no longer
qualified for listing on the Exchange as it failed to comply
with the following Marketplace Rule: 4310(c)(14). The
Company was notified of Staffs determination on April 18, 2006.
The Company requested a review of the Staffs determination
before the Listing Qualifications Hearings Panel. Upon review
of the information provided by the Company,the Panel
determined that the Company did not qualify for inclusion on
the Exchange based on its failure to comply with
the following Marketplace Rule: 4310(c)(14). The Company was
notified of the Panels decision on October 3, 2006 and trading
in the Companys securities was suspended on October 5, 2006.
The Company requested a review of the Panels decision
by the Nasdaq Listing and Hearing Review Council (the Listing Council).
In a decision dated February 23, 2007,the Listing Council affirmed the
decision of the Panel. The Panels Determination to delist the Company
became final on April 18, 2007.