Dataram Regains Compliance With Nasdaq Listing Requirements

Dataram Corporation has received notification from NASDAQ that it has regained compliance with NASDAQ’s listing requirement for its common stock by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.

Common stock closed above the $1.00 minimum level for the ten consecutive trading days ended April 1, 2013. The closing price of common stock on April 9, 2013 was $2.23.

At a Special Meeting of Stockholders on March 13, 2013, stockholders overwhelmingly authorized the board of directors to affect a reverse stock split. On the same day, the board approved a reverse stock split at a ratio of 1-for-6. The post-split shares began trading on March 18, 2013.

John H. Freeman, Dataram’s president and CEO, commented: "The action of our stockholders and the board of directors preserves our NASDAQ listing and provides Dataram greater visibility and exposure to larger companies and opportunities with public companies. We are shipping new versions of RAMDisk and are working with AMD to further increase sales and enhance performance of RAMDisk. In addition we anticipate entering the server market with AMD branded memory as well."

Freeman concluded: "A healthier semiconductor industry, further development of our new initiatives and our continuing NASDAQ listing positions us for new sources of revenue, profit and growth for Dataram in 2013 and beyond."