IGI Laboratories, Inc. Submits Plan To The American Stock Exchange To Regain Compliance With Listing Standards

BUENA, NJ June 12, 2008 - IGI, INC. (AMEX: IG) announced today that on June 6, 2008 it submitted a plan to regain compliance with the listing standards of the American Stock Exchange ("AMEX"). AMEX has 45 days to review and comment on the submission.

Contact:

	Rajiv Mathur
	President & Chief Executive Officer
	IGI, Inc.
	856-697-1441 ext. 211
	www.askigi.com