EX-99.25 2 dddcdelistreason.txt Delisting Determination,The Nasdaq Stock Market, LLC, April 9, 2008, deltathree, Inc. The Nasdaq Stock Market, Inc. (the Exchange) has determined to remove from listing the common stock of deltathree, Inc. (the Company), effective at the opening of the trading session on April 21, 2008. Based on a review of the information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Marketplace Rule 4310(c)(4). The Company was notified of the Staffs determinations on March 19,2008. The Company did not appeal the Staff determination to the Listing Qualifications Hearings Panel, and the Staff determination to delist the Company became final on March 28, 2008.