Saba Granted Continued Listing on NASDAQ Until April 4, 2013

Saba

today announced that, on December 21, 2012, it received from the NASDAQ Hearings Panel a decision granting Saba's request for continued listing on The NASDAQ Stock Market until April 4, 2013. It is a condition to the Company's continued listing that the Company regain compliance with all applicable requirements for continued listing on The NASDAQ Stock Market on or prior to April 4, 2013, including completion of the previously announced restatement of its historical financial statements and filing with the SEC of all outstanding annual and periodic reports. The Company expects that it will be able to satisfy the April 4, 2013 NASDAQ deadline.