As previously disclosed, The NASDAQ Listing Qualifications Panel, in a decision dated September 26, 2006, determined to delist the Company's securities from The NASDAQ Global Market, which decision was stayed pending further action by the Listing Council.
The Company expects that its common stock will be quoted in the "Pink Sheets" beginning at the opening of business on February 1, 2007. Information about the Pink Sheets can be found at its Internet web site www.pinksheets.com - Ulticom.