Alteon Notified By AMEX Of Continued Listing Standards Non-Compliance; Company Expects Its Common Stock To Remain Listed While It Engages In AMEX Compliance Process

PARSIPPANY, N.J., Oct. 13, 2006 (PRIMEZONE) -- Alteon Inc. (AMEX:ALT) (the "Company") announced today that on October 9, 2006, it received a notice from the staff (the "Staff") of the American Stock Exchange, Inc. ("AMEX") indicating that the Company is not in compliance with certain AMEX continued listing standards, specifically as a result of the Company's shareholder's equity in recent years not meeting the thresholds set forth in Section 1003(a) the AMEX Company Guide.