BUENA, NJ January 2, 2008 - IGI, INC. (AMEX: IG) announces today that in a letter dated December 21, 2007, the American Stock Exchange ("AMEX") notified IGI that it has regained compliance with the AMEX's continued listing standards. This was based on AMEX's review of the Company's Pro Forma Financials as of December 12, 2007 included in Company's Form 8-K filed on December 17, 2007.
"The profitable fourth quarter combined with an equity investment helped us overcome our AMEX compliance issues. Based on our projections, the AMEX compliance standards should not be an issue for the Company going forward." stated Rajiv Mathur, President and CEO of the Company.
This report contains forward-looking statements relating to IGI's hopes and expectations for the future. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "will," "possible," "one time," "provides an opportunity," "continue" and similar expressions are intended to identify forward-looking statements. Such statements involve a number of risks and uncertainties and actual future events and results could differ materially from those indicated by such forward-looking statements due to general economic conditions, and the risk factors detailed in IGI's periodic reports and registration statements filed with the Securities and Exchange Commission.
Contact:
Rajiv Mathur President & Chief Executive Officer IGI, Inc. 856-697-1441 ext. 211 www.askigi.com