Saba (SABA) Expects to Maintain Nasdaq Listing

December 26, 2012 8:06 AM EST
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Saba (NASDAQ: 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.

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