GREENHUNTER ENERGY, INC., a diversified renewable energy company focused on wind development projects, biomass power generation and the production of biodiesel, announced that the NYSE Amex LLC has accepted GreenHunter’s plan to regain compliance with the exchange’s listing criteria as disclosed in a Press Release dated June 3, 2009.
In a letter to the Company dated August 20, 2009, the NYSE Amex indicated that it had determined that GreenHunter’s plan, submitted to the exchange on June 29, 2009, made a reasonable demonstration of the Company’s ability to regain compliance with the exchange’s listing standards. Further, though the Company is not currently in compliance with certain of the exchange’s listing standards, the exchange has granted GreenHunter until November 30, 2009 to regain compliance with Section 1003 (a)(iv) and until November 29, 2010 to regain compliance with Sections 1003 (a) (i, ii and iii) of the exchange’s Company Guide.
In response to the NYSE Amex exchange decision to accept GreenHunter’s continued listing plan, Mr. Gary C. Evans, Chairman, President and Chief Executive Officer, commented, “We believe this decision is the correct one and we are anxious to regain full compliance with the listing standards required by the exchange. This has been an extremely difficult period for any energy-related business, especially renewables. We are confident that the game plan we initiated earlier this year in all three of our business units to regain our Company’s financial stability and begin meaningful revenues is on track and will ultimately reward our shareholders.”
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