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Ecostate

04/30/10 3:34 PM

#1140 RE: stockprofitter #1136

"The NASDAQ Global Market subject to the conditions that, on or before May 1, 2010, the Company must file a proxy statement seeking shareholder approval for the implementation of a reverse stock split and, on or before July 21, 2010, the Company must evidence a closing bid price of $1 or more for a minimum of ten consecutive business days. As a first step toward meeting the exception conditions, the Company’s Board of Directors has approved a seven for one reverse stock split, subject to obtaining stockholder approval at the 2010 annual meeting of stockholders, and the Company expects to file its proxy statement seeking such approval within the deadline established by the Panel."