Regent Communications received notice from The Nasdaq Stock Market last week that it failed to comply with the minimum market value of publicly held shares requirement set forth in Nasdaq Listing Rule
5450(b)(3)(C) for continued listing of its common stock on The Nasdaq Global Market. The reason: the market value of its publicly held shares of its common stock closed under $15.0 million for 30
consecutive business days. Regent has 90 calendar days, or until March 22, 2010, to regain compliance. If it doesn't, the stock will be subject to delisting. Regent owns and operates 62 radio stations
located in 13 markets.
