Joe's Jeans Receives Nasdaq Non-Compliance Letter

Joe's Jeans

announced today that the Company received a letter from The Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) because the closing bid price per share of its common stock has been below $1.00 per share for 30 consecutive trading days. The Nasdaq letter was issued in accordance with standard Nasdaq procedures. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company will be provided with 180 calendar days, or until June 5, 2013, to regain compliance with the Bid Price Rule. This notification has no immediate effect on the listing of its common stock at this time. To regain compliance with the Bid Price Rule,