November 2004

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Millenium Cell Inc., the Eatontown, NJ-based developer of sodium borohydride hydrogen storage technology, has been informed by the Nasdaq exchange that it was not currently in compliance with certain requirements needed for continued listing on the Nasdaq National Market. H. David Ramm, the company’s interim president and CEO, says the company is now evaluating several options. “Whether we remain on Nasdaq’s National Market or move to the SmallCap Market, our investors will still be able to trade the company’s stock electronically using the existing ‘MCEL’ ticker,” Ramm said in an Oct. 19 statement. Contact: Millenium Cell, John D. Giolli, 732/542-4000.