Pacific Ethanol Receives NASDAQ Compliance Determination

SACRAMENTO, Calif., Jan. 26, 2010 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (Nasdaq:PEIX), (the "Company"), announced today that it received a letter from The NASDAQ Stock Market ("NASDAQ") on January 25, 2010, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.

As previously announced, on September 15, 2009, the Company received a letter from NASDAQ notifying the Company that it did not comply with the $1.00 minimum closing bid price requirement for continued listing on The NASDAQ Global Market set forth in NASDAQ Listing Rule 5450(a)(1).

The Company's common stock has subsequently maintained a closing bid price of $1.00 or greater for at least 10 consecutive business days, enabling the Company to regain compliance with NASDAQ Listing Rule 5450(a)(1).

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CONTACT:  Pacific Ethanol, Inc.
          MEDIA CONTACT:
          Paul Koehler