Saba Gets NASDAQ Letter Due to Continued Noncompliance

Saba

today announced that on August 16, 2012, Saba received from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”), as expected, notification of Saba's continued noncompliance with Nasdaq Listing Rule 5250(c)(1) due to Saba's previously announced delay in filing its Form 10-K for the fiscal year ended May 31, 2012.