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Encorium Group, Inc. Announces One-for-Eight Reverse Stock Split
Date:2/16/2010

sly announced, the Company received notice from The NASDAQ Stock Market on September 15, 2009, stating that the minimum bid price of the Company's common stock was below $1.00 per share for thirty consecutive business days and that it was therefore not in compliance with Marketplace Rule 5550(a)(1).  The notification letter gave Encorium until March 15, 2010 to regain compliance with the minimum closing bid price requirement.  To regain compliance, the closing bid price of Encorium's common stock must meet or exceed $1.00 per share for at least ten consecutive business days prior to March 15, 2010.

As a result of the reverse stock split, Encorium stockholders will receive one new share of the Company's common stock for every eight shares held.  All fractional shares which would otherwise result from the reverse stock split will be rounded up to the nearest whole share in lieu of fractional shares, so that no cash will be payable.  Registered holders of the Company's common stock holding stock certificates will receive a letter of transmittal from the Company's transfer agent, American Stock Transfer & Trust Company, with instructions for the exchange of stock certificates.  No action is required by stockholders holding the Company's common stock in book-entry form.

Reducing the number of outstanding shares of the Company's common stock through the reverse stock split is intended, absent other factors, to increase the per share market price of its common stock. Our Board of Directors believes that increasing the per share trading price of our common stock will help ensure the price is increased above, and remains above, the $1.00 bid price required by the NASDAQ listing standard.  However, other factors, such as our financial res
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SOURCE Encorium Group, Inc.
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