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Advanced Life Sciences Selected as Founding Member of the New NASDAQ OMX AeA Illinois Tech Index
Date:5/22/2008

itutional investors and index funds."

Why Illinois? Because it is a leading hub for technology and the state is well-positioned for sustainable growth. Illinois has one of the largest concentrations of research in the world, with more than 200 academic, government and non-profit research institutions, and it has world class universities and a highly educated labor pool. Moreover, the state has rich offerings in medical, agricultural and industrial/environmental biotechnology and information technology sectors.

How the ILTI is Calculated

The NASDAQ OMX AeA Illinois Tech Index is a market capitalization-weighted index of common type securities. The value of the Index equals the aggregate value of the Total Shares Outstanding ("TSO"), also known as Index Shares, of each of the component Index Securities multiplied by each such security's respective last sale price, and divided by the Divisor of the Index. If trading in an Index Security is halted while the market is open, the last traded price for that security is used for all index computations until trading resumes. If trading is halted before the market is open, the previous day's last sale price is used. The Index commenced on May 19, 2008 with a base value of 1000.00.

The formula for the Index values is as follows: Aggregate Market Value/Divisor. The Index is ordinarily calculated without regard to cash dividends on Index securities. The Index is calculated during the trading day and is disseminated every 15 seconds from 09:30:15 to 17:16:00 ET through the NASDAQ Index Dissemination Services (NIDS). The closing value of the Index may change up until 17:15:00 ET due to corrections to the last sale price of the Index Securities.

About Advanced Life Sciences

Advanced Life Sciences is a biopharmaceutical company engaged in the discovery, development and commercialization of novel drugs in the therapeutic areas of infection, cancer and respiratory diseases. The Company's lead c
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SOURCE Advanced Life Sciences Holdings, Inc.
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