HearUSA Announces Notice From NYSE Amex; Company No Longer Complies with Listing Standards

HearUSA, Inc. EAR announced that on May 17, 2011 the Company received a written notice from NYSE Amex LLC indicating that the Company no longer complies with the Exchange's continued listing standards as a result of the Company's filing of a voluntary petition under Chapter 11 of the US Bankruptcy Code and that its securities are therefore subject to being delisted from the Exchange. The Exchange stated its intention to file a delisting application with the Securities and Exchange Commission and to truncate the procedures regarding continued listing evaluation and follow-up as specified in the rules of the Exchange. The Exchange notice states that the Staff of the Exchange intends to initiate immediate delisting proceedings.