NEW ORIENTAL ENERGY & CHEMICAL C
SymbolNOEC

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New Oriental Energy & Chemical Corp. Receives Notice From Nasdaq

2009-11-25 07:00 ET - News Release

NEW YORK, NY -- (MARKET WIRE) -- 11/25/09

New Oriental Energy & Chemical Corp. (NASDAQ: NOEC) (the "Company"), a China-based specialty chemical and emerging coal-based alternative fuel manufacturer, reported today that it received notification from the NASDAQ Listings Qualification Department that the Company's stockholders' equity of $7,214,000, as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 that it filed with the Securities and Exchange Commission, does not comply with the minimum stockholders' equity requirement of $10,000,000 for continued listing on The NASDAQ Global Market pursuant to NASDAQ Listing Rule 5450(b)(1)(A). As a result, the Listing Qualifications Staff is reviewing the Company's eligibility for continued listing on The NASDAQ Global Market.

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