VirtualScopics Says Received Notice from NASDAQ on Minimum Bid Price

VirtualScopics, Inc.,

, a leading provider of image-based solutions to the pharmaceutical, biotechnology and medical device industries, announced today that on August 29, 2012 it received a notice from the NASDAQ Stock Market indicating that the Company's minimum bid price has fallen below $1.00 for 30 consecutive business days. NASDAQ Marketplace Rule 5550(a)(2)requires a $1.00 minimum bid price for continued listing of an issuer's common stock.