Corporate News

Regent Communications, Inc. (Nasdaq: RGCI) received written notification from The Nasdaq Stock Market, Inc. that, based upon the Company's failure to regain compliance with the $1.00 per share minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) by November 25, 2009, the Company's common stock is subject to delisting unless the Company requests a hearing before a Nasdaq Listing Qualifications Panel on or before 4:00 p.m. Eastern Time on December 7, 2009. On December 4, 2009, the Company requested such a hearing, which will stay any action with respect to the Staff Determination until the Nasdaq Listing Qualifications Panel renders a decision subsequent to the hearing. However, there can be no assurance that Nasdaq will grant the Company's request for continued listing.

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Emclaire Financial Corp. (NASDAQ: EMCF) announced that it has withdrawn its add-on public offering of approximately $20 million in common stock due to unfavorable market conditions.

William C. Marsh, Chairman, President and Chief Executive Officer noted, “As a result of the prevailing poor market conditions, the likely pricing for the Company’s previously announced add-on common stock offering did not meet our criteria and was not at a level that was in the best interests of our shareholders. We remain focused on preserving and building shareholder value and believe that raising capital in the current environment and the resulting potential dilution to our current shareholders would conflict with our goals.”

Marsh added, “Poor industry market conditions in recent weeks have adversely impacted the capital raising environment. However, our bank remains 'well-capitalized' for regulatory purposes and while the proposed offering would have provided a larger base for expansion, our growth prospects remain favorable and we continue to be positioned for continued profitability and growth. We remain focused on enhancing shareholder value and implementing our strategic corporate objectives.”

The Company will continue to monitor market conditions and may recommence the offering should conditions improve and may explore other capital growth alternatives.

Swine flu rates declined for the fifth consecutive week, according to the U.S. Centers for Disease Control and Prevention. The number of reported cases causing hospitalization and death fell to the lowest in over two months.

The H1N1 virus that has caused a fury of panic around the globe has retreated in 28 states across the U.S., CDC reported on its website today.

The number of states that reported wide-spread cases of the virus fell to 25, down from the high of 46 states set in November.

“Although the swine flu appears to be dying out, it’s a wait-and-see question on what’s going to happen with seasonal flu this winter” in the northern hemisphere, said Kurt Krause, director of the Webster Centre for Infectious Diseases.

The virus has cause the implementation of the largest-ever flu vaccination program as a part of pandemic prevention programs.

Stocks to watch on the H1N1 flu news:

• GlaxoSmithKline (NYSE: GSK)
  
• Gilead Sciences (Nasdaq: GILD)
  
• Novavax (Nasdaq: NVAX)
  
• AVI BioPharma (Nasdaq: AVII)
  
• BioCryst Pharma (Nasdaq: BCRX)
  
• Sinovac Biotech (AMEX: SVA)
  
• Hemipsherx BioPharma (AMEX: HEB)
  
• Generex Biotech (Nasdaq: GNBT)

On December 3, 2009, NYSE Amex LLC notified Tri-Valley Corporation (AMEX:TIV) by letter that the company had resolved the continued listing deficiency referenced in the Company’s Form 8-K dated September 23, 2009. The Company’s continued listing deficiency was related to the exchange’s $6 million minimum stockholders’ equity requirement under Section 1003(a)(iii) of the Company Guide. In response, Tri-Valley submitted a plan on October 23, 2009, to regain compliance with the minimum equity requirement for continued listing on the exchange.

Phoenix Footwear Group, Inc. (AMEX: PXG), announced today that it has entered into a new two year, secured revolving credit facility with First Community Financial, a division of Pacific Western Bank. The facility replaces the Company's previous credit facility with Wells Fargo Business Credit. The new credit facility provides for a line of credit up to $4.5 million, subject to a borrowing base limit, and as of December 4, 2009, has $2.0 million in borrowings, net of cash, outstanding under the new facility.

Borrowings under the new credit facility bear interest at an annual rate of prime plus 2.75%, subject to a minimum of 6%. Additionally, the there is a minimum monthly interest charge of $10,000 for the first year of the facility and $5,000 for the following year. The new credit facility is secured by liens on certain personal property of the Company and its subsidiaries.