Attached files

                                                                 Exhibit 99.1

                            TEXT OF PRESS RELEASE
                            ---------------------

                   THE INTERGROUP CORPORATION ANNOUNCES
                 RECEIPT OF NASDAQ STAFF DEFICIENCY LETTER

Los Angeles, California, October 21, 2009 - The InterGroup Corporation
(NASDAQ: INTG) today announced that, on October 15, 2009, the Company
received a Staff Deficiency Letter from the Nasdaq Stock Market Listing
Qualifications Department indicating that the Company does not meet the
minimum stockholders' equity criteria for continued listing of its common
stock on the Nasdaq Capital Market and no longer complies with Listing Rule
5550(b)(1).

The Company has until October 30, 2009 to submit a plan to regain and sustain
compliance with all continued listing requirements of the Nasdaq Capital
Market. The Company expects to submit such a compliance plan to the Nasdaq
Staff on or before that date.

                               *  *  *

Statements in this release which are not historical facts are "forward
looking statements" and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company's public
filings with the Securities and Exchange Commission.



CONTACT:   Michael G. Zybala, Assistant Secretary
           and Counsel, Telephone: (310) 466-7961