Virgin Mobile USA Announces Return to Compliance With the New York Stock Exchange
WARREN, NJ -- (Marketwire) -- 09/14/09 -- Virgin Mobile USA, Inc. (NYSE: VM) announced it
has received a letter from the New York Stock Exchange (NYSE) dated
September 11, 2009 notifying the Company that it is back in compliance with
the NYSE's quantitative continued listing standards.
The letter went on to state that the decision came as a result of Virgin
Mobile USA's consistent positive performance with respect to the original
business plan submission, the previous cure of its share price
non-compliance on March 31, 2009, and the achievement of compliance with
the NYSE's minimum $100 million market capitalization requirement over the
past two quarterly review periods, with the company exceeding the
requirement beginning in March 2009.
About Virgin Mobile USA, Inc.
Virgin Mobile USA, Inc. (NYSE: VM), through its operating company Virgin
Mobile USA, L.P., offers approximately 5 million customers control,
flexibility and choice through Virgin Mobile's Plans Without Annual
Contracts, with coverage powered by the Nationwide Sprint Network. Virgin
Mobile USA is known for its award-winning customer service, with more than
90% of its customers reporting satisfaction. Virgin Mobile USA recently
announced its Pink Slip Protection which provides monthly plan customers
who lose their jobs and become eligible for state unemployment benefits
free service for up to three months. Its full slate of smart, stylish and
affordable handsets are available at approximately 40,000 top retailers
nationwide and online at http://www.virginmobileusa.com/, with Top-Up cards
available at almost 150,000 locations. Virgin Mobile USA also offers
unlimited all-in contract plans with advanced devices like the Ocean 2.