Nasdaq said that for 30 consecutive business days, the bid price of the company's common stock closed below the minimum $1 per share requirement for continued inclusion on the exchange.

To regain compliance, Synergy Brands' stock must maintain a $1 bid price for at least 10 consecutive business days anytime before March 26, 2008.

Synergy Brands said it believes compliance can be achieved through the results of its financial performance. The company plans to file its third-quarter results on Nov. 14.

Synergy Brands previously received notice from Nasdaq in January that it was not compliant with listing requirements, and only regained compliance in August.

Shares fell 3 cents to $1.05 in afternoon trading. Shares have traded between 66 cents and $1.35 in the past 12 months.