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Millennium India Acquisition Company, Inc. Receives Staff Deficiency Letter Regarding Non-Compliance With NASDAQ

Millennium India Acquisition Company, Inc. (NASDAQ: SMCG) announced today that it received a Nasdaq Staff Deficiency Letter on October 7, 2010 indicating that the Nasdaq Staff determined that the Company had failed to comply with Nasdaq Listing Rule 5250(c)(1) because the Company's four most recent "periodic reports" did not include certifications signed by the Company's principal executive officer as required by Rule 30a-2 promulgated under the Investment Company Act of 1940.

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