SOUTH NORWALK, Conn., May 12 /PRNewswire-FirstCall/ -- Stoneleigh Partners Acquisition Corp. (the "Company") (NYSE AMEX: SOC.U, SOC and SOC.WS) announced today that it previously received notice from the NYSE AMEX US, LLC ("Exchange") indicating that it was below certain additional continued listing standards of the Exchange, specifically that the Company had not held an annual meeting of stockholders in 2008, as set forth in Section 704 of the Exchange's Company Guide. The Company was afforded the opportunity to submit a plan of compliance to the Exchange and on March 3, 2009 presented its plan to the Exchange. By letter dated May 4, 2009, the Exchange notified the Company that it accepted the Company's plan of compliance and granted the Company an extension until August 11, 2009, to regain compliance with the continued listing standards. The Company will be subject to periodic review by Exchange Staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE AMEX LLC. Stoneleigh Partners Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with one or more operating businesses. Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined by the United States Private Securities Litigation Reform Act of 1995. Any such forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations such as material adverse events affecting the Company, the ability of the Company to satisfy the conditions to complete a business combination and those other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. DATASOURCE: Stoneleigh Partners Acquisition Corp. CONTACT: James A. Coyne, Vice Chairman and Chief Financial Officer, Stoneleigh Partners Acquisition Corp., +1-203-663-4200

Copyright