Sonic Foundry Receives Anticipated Deficiency Notice from NASDAQ (SOFO)

Sonic Foundry, Inc. SOFO, the recognized market leader for rich media webcasting , lecture capture and knowledge management, announced today that on April 13, 2011, following the recommendation of its nominating committee, the Board of Directors of Sonic Foundry appointed Paul Peercy to serve on the company's audit committee. The appointment follows the company's receipt of a notice from the NASDAQ Stock Market that it was not in compliance with NASDAQ's independent director and three person audit committee requirements as set forth in NASDAQ Listing Rule 5605.