Franklin Cites NASDAQ Notice

Franklin Credit Management Corp., Jersey City, N.J., has reported the receipt of a notice from the NASDAQ Stock Market indicating that Franklin's stock will not be delisted if the company files its Form 10-Q for the third quarter of 2007 by March 31 and meets two other criteria. The notice said the publicly held shares of Franklin's stock must also show evidence of a $5 million market value by April 1 and maintain that value for at least 10 consecutive trading days, according to Franklin. The company said it expects to file its third-quarter 10-Q by March 31, but that if it doesn't, it plans to apply to transfer its listing from the NASDAQ Global Market to the NASDAQ Capital Market, which has a lower market value requirement. Franklin can be found online at http://www.franklincredit.com.