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Star Scientific Regains Compliance with NASDAQ Minimum Bid Price Requirement 

Star Scientific, Inc. announced today that it has received a letter from the NASDAQ Global Market stating that all requirements necessary for continued listing have been met. NASDAQ Marketplace Rule 4450(a)(5) requires that the Company maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days, in order to demonstrate compliance with the rule. The minimum closing bid price per share for Star Scientific stock has ranged from $1.08 to $1.40 since October 2.

The company had received a letter from NASDAQ on August 24 stating that it was not in compliance with the minimum closing bid price listing standard, and that under Marketplace Rule 4450 (e)(2), it had 180 days to meet that standard.

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