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SEC Approves Heightened Stock Exchange Listing Standards For Reverse Merger Companies

November 11, 2011

On November 8, 2011, in response to proposals submitted to it by each of the New York Stock Exchange LLC ("NYSE"), NYSE Amex LLC ("NYSE Amex") and the NASDAQ Stock Market LLC ("Nasdaq", and collectively, the "Exchanges"), the Securities and Exchange Commission (the "Commission") approved heightened stock exchange listing standards for companies that have become publicly held as a result of a reverse merger.

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