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Unassociated Document Company Contact: Investor Relations Contact: Senesco Technologies, Inc. FD Joel Brooks Brian Ritchie Chief Financial Officer (brian.ritchie@fd.com) (jbrooks@senesco.com) (212) 850-5683 (732) 296-840

Key Takeaway: Company Contact: Investor Relations Contact: Senesco Technologies, Inc. FD Joel Brooks Brian Ritchie Chief Financial Officer (brian.ritchie@fd.com) (jbrooks@senesco.com) (212) 850-5683 (732) 296-8400 AMEX ACCEPTS SENESCO TECHNOLOGIES' PLAN OF COMPLIANCE NEW BRUNSWICK, N.J. (Ja

Full Press Release Details

Company Contact: Investor Relations Contact:
Senesco Technologies, Inc. FD
Joel Brooks Brian Ritchie
Chief Financial Officer (brian.ritchie@fd.com)
(jbrooks@senesco.com) (212) 850-5683
(732) 296-8400
AMEX ACCEPTS SENESCO TECHNOLOGIES' PLAN OF COMPLIANCE
NEW BRUNSWICK, N.J. (January 19, 2010) -Senesco
Technologies, Inc. (the "Company" or "Senesco") (NYSE Amex: SNT) announced today that on
January 14, 2010, it received notice from the NYSE Amex LLC
("NYSE") stating that the exchange had accepted the Company's compliance plan
and granted it an extension until April 29, 2011 to regain compliance with the
NYSE's continued listing standards. As previously disclosed, Senesco
is not in compliance with Section 1003(a)(iii) of the NYSE company guide with
stockholder's equity of less than $6,000,000 and losses from continuing
operations and/or net losses in its five most recent fiscal
years. Based on this, the Company submitted a plan advising the NYSE
of action it will take, that the Company believes would bring Senesco into
compliance with the NYSE's continued listing standards by the end of the
the extension period, the Company remains subject to periodic review by NYSE
Staff. Failure to make progress consistent with the plan or to regain
compliance with the continued listing standards by the end of the extension
period could result in Senesco being delisted from the NYSE.
Senesco Technologies, Inc.
Technologies, Inc. is a U.S. biotechnology company, headquartered in New
Brunswick, NJ. Senesco has initiated preclinical research to trigger or
delay cell death in mammals (apoptosis) to determine if the technology is
applicable in human medicine. Accelerating apoptosis may have applications
to development of cancer treatments. Delaying apoptosis may have
applications to certain inflammatory and ischemic diseases. Senesco takes
its name from the scientific term for the aging of plant cells:
senescence. Delaying cell breakdown in plants extends freshness after
harvesting, while increasing crop yields, plant size and resistance to
environmental stress. The Company believes that its technology can be used
to develop superior strains of crops without any modification other than
delaying natural plant senescence. Senesco has partnered with leading-edge
companies engaged in agricultural biotechnology and earns research and
development fees for applying its gene-regulating platform technology to enhance
its partners' products.
Certain statements included in this
press release are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could differ
materially from such statements expressed or implied herein as a result of a
variety of factors, including, but not limited to: the ability of the Company to
consummate additional financings; the development of the Company's gene
technology; the approval of the Company's patent applications; the successful
implementation of the Company's research and development programs and joint
ventures; the success of
the Company's license agreements; the acceptance by the market of the
Company's products; success of the Company's preliminary studies and preclinical
research; competition and the timing of projects and trends in future operating
performance, the Company's ability to comply with the continued listing
standards of the AMEX, as well as other factors expressed from time to time in
the Company's periodic filings with the Securities and Exchange Commission (the
"SEC"). As a result, this press
release should be read in conjunction with the Company's periodic filings with
the SEC. The forward-looking statements contained herein are made
only as of the date of this press release, and the Company undertakes no
obligation to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
Last updated: Jan 19, 2010