AERT Receives Listing Extension from Nasdaq

SPRINGDALE, Ark., Sep 23, 2009 (GlobeNewswire via COMTEX) -- AERT | Quote | Chart | News | PowerRating -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastic recycler and manufacturer of Green building products, announced today that the company recently received formal notification from Nasdaq Chief Counsel that the Nasdaq Listing Qualifications Panel has granted AERT a 180 day extension until December 23, 2009 to regain full compliance in regard to minimum equity or net income. The Company does not currently comply with Listing Rule 5550(b), which requires the Company to have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years. AERT presented a compliance plan to the Panel on August 6, 2009, and the Panel was persuaded that the company is diligently engaged in a bona fide and reasonable effort on a number of fronts to regain compliance with the continued listing standards.

AERT also previously reported a deficiency for the minimum $1 bid price. If AERT does not achieve a closing bid price of $1 or above for a minimum of 10 consecutive trading days by October 2, 2009, then the company will seek input from Nasdaq at that time and submit a plan to regain compliance. On June 2, 2009 the company's shareholders authorized management to implement an up to 20 to 1 reverse stock split, if necessary, to regain compliance.

"AERT appreciates the Nasdaq Listing Qualifications Panel for taking the time to meet with the company and its advisors and to evaluate AERT's plan," stated AERT CEO, Joe Brooks. "Our AERT associates under the direction of AERT President, Tim Morrison, and CFO, Brian Hanna, have done an excellent job by steering the company through this very difficult economic environment and returning the company to profitability. AERT continues to positively compete and move forward due to the commitment, dedication and hard work of our AERT associates," Brooks concluded.

About Advanced Environmental Recycling Technologies, Inc.

Since 1989, AERT (Nasdaq:AERT) has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials. With its constantly evolving portfolio of patented and proprietary recycling technologies, AERT has been widely recognized as a leader in resource conservation innovation and received the EPA Award for Environmental Excellence for its process of converting scrap plastic to composite outdoor decking. AERT converts reclaimed plastic and wood fiber waste into quality outdoor decking systems, fence systems, and door and window components. The Company is the exclusive manufacturer of Weyerhaeuser ChoiceDek(R) decking, which is available in multiple colors and is sold in all Lowe's Home Improvement stores. See http://www.choicedek.com for more information. AERT's MoistureShield(R) decking program is expanding and products are available in many parts of the U.S. now, with national distribution planned for 2009. See http://www.moistureshield.com for product information or to find a regional distributor or dealer. AERT operates manufacturing facilities in Springdale and Lowell, with a raw materials facility in Junction, Texas and a state-of-the-art recycling facility under construction in Watts, Oklahoma. For more information on the Company, visit http://www.aertinc.com.

The AERT, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4905

Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause AERT, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. AERT currently is considering, but may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.

AERT, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above-mentioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2008 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2009.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Advanced Environmental Recycling Technologies, Inc.

CONTACT:  For AERT
Investor Relations
Katy Reagan
479-203-5077

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index