HOH Wins a Reprieve on NASD Requirements

HOH Water Technology Corp. said it again avoided having its securities dropped from the NASDAQ trading system because it gained a temporary exception from the market’s capital and surplus requirements.

NASDAQ stands for the National Assn. of Securities Dealers’ automated quotation system, the primary computerized trading system of the over-the-counter market.

HOH, a Newbury Park concern that is just beginning sales of water-treatment systems, said it has until Oct. 15 to meet certain undisclosed requirements of the NASD to remain included on NASDAQ. The company said it “believes that it can meet” the conditions.

In April, 1989, HOH failed to meet the NASD’s minimum capital requirements. As it did then, the NASD has added a “C” to the trading symbols of HOH’s stock and warrants to show that the NASD has granted the company an exception to its capital rules.