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Immtech Receives Listing Determination Letter
Date:4/2/2009

NEW YORK, April 2 /PRNewswire-FirstCall/ -- Immtech Pharmaceuticals, Inc. (NYSE AMEX: IMM) today announced that on March 27, 2009, the Company received notice from the NYSE Amex LLC (the "Exchange") indicating that the Exchange intends to initiate proceedings to delist the Company's common stock. The Company intends to appeal this determination and request an oral hearing before the Exchange's listing qualifications panel. Pursuant to Exchange rules, the delisting proceeding will be stayed pending the outcome of the Company's appeal, subject to the Exchange's on-going review of the Company's status.

Specifically, as previously disclosed, Immtech was notified on December 23, 2008 by the Exchange that the Company is not in compliance with the Exchange's requirements under Sections 1003(a)(ii), (iii) and (iv) of the Exchange's Company Guide.

There is no assurance that the Company's appeal will be successful. In the event that the Company's common stock is delisted by the Exchange, the Company believes that its common stock will be eligible to trade or be quoted on alternative markets.

About Immtech Pharmaceuticals, Inc.

Immtech Pharmaceuticals, Inc. and subsidiaries (a development stage enterprise) is focused on global opportunities in the healthcare sector and opportunities in China. Immtech aims to leverage its established expertise and other assets in both new drug sales and enhanced healthcare-related services, including research and information-providing services, for developed and developing countries. For additional information, please visit the Company's website at http://www.immtechpharma.com.

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SOURCE Immtech Pharmaceuticals, Inc.
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