Echo Therapeutics Regains Compliance with Nasdaq Listing Requirements

Echo Therapeutics, Inc.

, a company developing its needle-free Symphony® CGM System as a non-invasive, wireless continuous glucose monitoring system, today announced that it has been notified by the Nasdaq Stock Market ("Nasdaq") that the Company has regained compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. (Logo: http://photos.prnewswire.com/prnh/20120801/NE50071LOGO ) As previously disclosed, on March 19, 2013, the Nasdaq Listing Qualifications department notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days and, as a result, the Company was not in compliance with Listing Rule 5550(a)(2). The company was provided 180 calendar days, or until September 16, 2013, to regain compliance. On June 25, 2013, Nasdaq notified the Company that the closing bid price of its common stock has been at $1.00 per share or greater for the last 12 consecutive business days. Accordingly, Nasdaq confirmed that the Company has regained compliance with the minimum bid price rule and that the matter is now closed. "We are very pleased to have regained compliance with the Nasdaq listing requirements. We remain focused on increasing shareholder value by executing on several key clinical and regulatory milestones this year to bring the Symphony CGM System to market," commented Patrick T. Mooney, M.D., Chairman and CEO of Echo Therapeutics.