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TechTarget Files 8-K Following Receipt of NASDAQ
Notice
Needham, MA – April 3, 2009 – Information
technology (IT) media company TechTarget, Inc. (NASDAQ: TTGT) today reported
that, on March 31, 2009 the Company received a Nasdaq Staff Deficiency letter indicating
that it is not in compliance with the filing requirement under Nasdaq Marketplace
Rule 4310(c)(14) due to its failure to timely file its Annual Report on Form
10-K for the year ended December 31, 2008. The Company currently anticipates
making all necessary filings to become current in its reporting obligations as
soon as practicable. Pursuant to Nasdaq rules, the Company has 60 days (until
June 1, 2009) to submit a plan to the Nasdaq staff to regain compliance with
Nasdaq’s filing requirement. The Company will endeavor to become current
in its reporting obligations within such 60-day period, and intends to submit
a compliance plan to Nasdaq if it is unable do so. Following any such submission,
Nasdaq may provide the Company with up to 180 days (until September 28, 2009),
to regain compliance.
About TechTarget
TechTarget, a leading online Information Technology (IT)
media company, provides IT companies with ROI-focused marketing programs to generate
leads, shorten sales cycles, and grow revenues. With its network of 54 technology-specific
websites and over 7.5 million registered members, TechTarget is a primary Web
destination for IT professionals researching which products to purchase. The
company is also a leading provider of independent, peer and vendor content, a
leading distributor of white papers, and a leading producer of vendor-sponsored
Webcasts and Podcasts for the IT market. Its websites are complemented by numerous
invitation-only events. TechTarget provides proven lead generation and branding
programs to top advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft,
SAP and Symantec.
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Investor Inquiries
Eric Sockol
781-657-1515
888-274-4111 x 1515
esockol@techtarget.com
Media Inquiries
Marilou Barsam
781-657-1525
888-274-4111 x 1525
mbarsam@techtarget.com |