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CorMedix Granted Extension of NYSE MKT Listing
Date:7/15/2013

BRIDGEWATER, N.J., July 15, 2013 /PRNewswire/ -- CorMedix Inc. ("CorMedix") (NYSE MKT: CRMD), a pharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of cardiorenal disease, received a notice from the NYSE MKT that the NYSE MKT has granted CorMedix an extension until October 20, 2013 to regain compliance with the continued listing standards of the NYSE MKT.

CorMedix had received notice on April 20, 2012 from the NYSE MKT informing it that CorMedix was not in compliance with Section 1003(a)(iv) of the NYSE MKT's continued listing standards due to financial impairment.  CorMedix was afforded the opportunity to submit a plan to the NYSE MKT to regain compliance and, on May 17, 2012, presented its plan to the NYSE MKT.  On June 27, 2012, the NYSE MKT accepted CorMedix's plan and granted it an extension until August 22, 2012 to regain compliance with the continued listing standards. On September 21, 2012, the NYSE MKT notified CorMedix that it granted CorMedix another extension to January 31, 2013 and on February 1, 2013, NYSE MKT notified that CorMedix was further granted extension until April 15, 2013 to regain compliance with the continued listing standards of the NYSE MKT. By letter dated July 9, 2013, the NYSE MKT notified CorMedix that it has been granted an additional extension until October 20, 2013.

Separately, and as previously reported, on April 5, 2013, CorMedix received notice from the NYSE MKT indicating that CorMedix was not in compliance with Section 1003(a)(i) of the NYSE MKT's continued listing standards due to having less than $2 million of stockholders' equity as reported in its Form 10-K for the fiscal year ended December 31, 2012. On May 6, 2013, CorMedix submitted a plan of compliance to the NYSE MKT setting forth our plan to regain compliance with the NYSE MKT listing standards by October 20, 2013. On May 29, 2013, the NYSE M
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SOURCE CorMedix Inc.
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