LOS ANGELES, CA--(Marketwire -03/21/12)- Seven Arts Entertainment Inc. (NASDAQ: SAPX - News) ("Seven Arts") announced today that it received a letter from The NASDAQ Stock Market LLC approving the Company's request for a 180-day extension of time to regain compliance with the NASDAQ bid price requirement by demonstrating a closing bid price for its common stock of $1 or more for at least ten consecutive trading days. The new compliance period will expire on September 20, 2012.