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).
The Pacific Ethanol, Inc. logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=5940
CONTACT: Pacific Ethanol, Inc. INVESTOR RELATIONS: 916-403-2755 866-508-4969 InvestorRelations@pacificethanol.net MEDIA CONTACT: Paul Koehler 503-235-8241 firstname.lastname@example.org
Released January 26, 2010