Coal

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National Coal Corp. Initiates Reverse Stock Split
Friday January 14, 4:54 pm ET
Company's Stock Symbol Changes


KNOXVILLE, Tenn.--(BUSINESS WIRE)--Jan. 14, 2005--In BW5495 issued Jan. 14, 2005: Headline of release should read: National Coal Corp. Initiates Reverse Stock Split (sted National Coal Corp. Initiates Reserve Stock Split)
The corrected release reads:

NATIONAL COAL CORP. INITIATES REVERSE STOCK SPLIT; COMPANY'S STOCK SYMBOL CHANGES

National Coal Corp. (OTCBB: NCOC - News), today announced that the Company's previously announced one-for-four reverse stock split of its issued and outstanding common stock took effect at the open of trading on Thursday, January 13, 2005. As a result of the reverse split, the number of issued and outstanding shares of the Company's common stock decreased from 53,565,552 to 13,391,371.

Pursuant to the split, National Coal's ticker symbol changed from NLCP to NCOC effective immediately.

The rights and privileges of the holders of common stock are unaffected by the reverse stock split. Each stockholder's ownership interest in National Coal and proportional voting power remains unchanged after the reverse stock split other than minor changes and adjustments resulting from the payment of cash in lieu of fractional shares.

The Company's transfer agent, Manhattan Transfer Registrar Company, will mail instructions to stockholders of record informing them of the procedures for exchanging their existing stock certificates for new stock certificates representing shares reflecting the reverse split.

About National Coal Corp.

Headquartered in Knoxville, Tennessee, National Coal Corp., through its wholly-owned subsidiary, National Coal Corporation is engaged in coal mining in Eastern Tennessee and Southeastern Kentucky.



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Contact:
National Coal Corporation, Knoxville
Kearstin Patterson, 865-690-6900 (office)
or 865-207-3875 (mobile)


http://biz.yahoo.com/bw/050114/145522_1.html