BUSINESS BRIEFS
Firm gets 2nd Nasdaq notice
Advertiser Staff and News Services
Cyanotech Corp., the Kona-based microalgae company facing a possible delisting of its shares by the Nasdaq Stock Market, said it had received a second notice of noncompliance with market rules.
Last week, Nasdaq said the company wasn't in compliance with requirements for continued listing because it had failed to file a report detailing its quarterly results, the company reported.
The notification was similar to one Cyanotech received in July that said it was a candidate for delisting because there was no filing for the fiscal year ending March 31.
OCEAN CLUB CLOSING DOWN
Ocean Club, a staple at Restaurant Row for the past 10 years, will close Sept. 2.
Mel Holi, general manager of the club, said negotiations are under way with two other properties about possible relocation. "Unfortunately, we will not be returning to Restaurant Row; however, we are still on track to reinvent the Honolulu night life scene in 2008," he said in a statement.
Ocean Club has been one of the premier Honolulu nightclubs and "one of the top 100 in the United States, and for that we are truly grateful," said Holi.
FUTURIST TO SPEAK ON STATE'S TRENDS
Native Hawaiian futurist Kaipo Lum will be the featured speaker at the Native Hawaiian Chamber of Commerce's monthly luncheon meeting Thursday.
Lum's presentation, "Hawai'i ... Trends and Forecasts," will cover the emerging trends affecting Hawai'i and how they will affect the state's future.
Lum is the chief executive officer of Vision Foresight Strategy, a Honolulu-based futures planning and strategy firm with clients and projects throughout the state and across the country.
Registration begins at 11:30 a.m. with lunch; the program starts at noon. Cost for members is $15 and $20 for non-members. The location is 1451 Queen Emma St.
For more information, call Pauline Worsham at 951-5373 or e-mail her at pauline@pmwconsult.com.
