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Immtech Receives Listing Notice From NYSE Alternext US
Date:12/30/2008

NEW YORK, Dec. 30 /PRNewswire-FirstCall/ -- Immtech Pharmaceuticals, Inc. (NYSE Alternext US: IMM) announced today that the Company received notice from the NYSE Alternext US (the "Exchange") pertaining to its non-compliance with certain continued listing standards of the Exchange. The Company has the opportunity to submit a plan of compliance to the Exchange by January 23, 2009, and the Company plans to submit such a plan to the Exchange. The stock continues to trade under the symbol "IMM.BC".

Immtech was notified on December 23, 2008 by the Exchange that the Company is not in compliance with the Exchange's requirements under Section 1003(a)(ii), which pertains to having stockholders' equity of not less than $4 million and losses from continuing operations and net losses in three out of its four most recent fiscal years, Section 1003(a)(iii), which pertains to having stockholders' equity of less than $6,000,000 and losses from continuing operations and net losses in its five most recent fiscal years, and Section 1003(a)(iv), which pertains to losses which are substantial in relation to the Company's overall operations or its existing financial resources.

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.

"Safe Harbor" Statement under the Private Securities Reform Act of 1995: Statements in this press release regarding Immtech Pharmaceuticals, Inc.'s
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SOURCE Immtech Pharmaceuticals, Inc.
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