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Authentidate Receives Nasdaq Deficiency Notice

Authentidate Holding Corp., a Berkeley Heights-based provider of software and Web-based services, today announced that it has received a non-compliance notification from Nasdaq.Authentidate Holding Corp. (Nasdaq: ADAT), a Berkeley Heights-based provider of software and Web-based services, today announced that it has received a non-compliance notification from Nasdaq. The notice states that for the last 30 consecutive business days, the closing bid price per share of the company”s common stock has been below the $1.00 minimum per share requirement for continued listing on the exchange.

Authentidate has been given an initial period of 180 calendar days, or until June 16, 2008, to regain compliance with the rule.

Shares of Authentidate were at 61 cents in Thursday afternoon trading.

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