Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 18, 2008, we received a Nasdaq Staff Deficiency Letter indicating that we have not maintained a minimum $10,000,000 stockholders' equity as required for continued listing on the Nasdaq Global Market under Marketplace Rule 4450(a)(3). On September 16, 2008, we received a Nasdaq Staff Determination Letter formally notifying us that we would be delisted. Unless we appeal the determination and request a formal hearing, trading of our common stock on the Nasdaq Global Market will be suspended at the opening of business on September 25, 2008 and a Form 25-NSE will be filed with the Securities and Exchange Commission ("SEC") which will remove our common stock from listing and registration on The Nasdaq Stock Market. We do not currently plan to appeal the staff determination. If we do not appeal the staff determination, our common stock may not be immediately eligible to trade on the OTC Bulletin Boards or the "Pink Sheets." Our common stock may become eligible to trade on the OTC Bulletin Boards or the "Pink Sheets" if a market maker makes application to register in and quote our common stock in accordance with SEC Rule 15c2-11 and such application (a "Form 211") is cleared. Only a market maker may file a Form 211. It is our goal to have our common stock listed on the OTC Bulletin Boards. We are currently in discussions with a market maker to submit the Form 211 application on our behalf.

A copy of the press release announcing our receipt of the Nasdaq Staff Determination Letter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.