On June 24, 2011, the Company received a determination letter from the staff of the Nasdaq Listing Qualifications Department (the "Staff") stating that the Staff had determined to deny the Company's request for continued listing on The Nasdaq Stock Market. Prior to the issuance of this determination letter, Nasdaq notified the Company on April 4, 2011, and June 24, 2011, that the Company did not comply with Nasdaq's requirements for continued listing set forth in Listing Rule 5250(c)(1) because it did not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2010, or its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2011, with the Securities and Exchange Commission.

The Company subsequently appealed the Staff's June 24 determination to the Nasdaq Hearings Panel and appeared before the Hearings Panel on August 4. The Hearings Panel has not yet issued a decision. The Company's securities will remain listed on the Nasdaq Global Market pending the outcome of the hearing. The Hearings Panel will consider the August 16 Nasdaq notice in its decision regarding the Company's continued listing on The Nasdaq Global Market. Until the Company regains compliance, quotation information for the Company's securities will include an indicator of the Company's non-compliance and the Company will be included in a list of non-compliant companies on the Nasdaq website.

As disclosed in the Company's Form 12b-25, Notification of Late Filing, filed with the Securities and Exchange Commission on August 15, 2011, the Company has not yet completed its financial statements for the quarterly period ended June 30, 2011.

Exhibit No.        Description of Exhibit