PLEASANTON, CA -- (MARKET WIRE) -- August 17, 2006 -- Lipid Sciences, Inc. (NASDAQ: LIPD) announced today that on August 14, 2006, the Company was advised by the Nasdaq Listing Qualifications Staff that based on the Company’s June 30, 2006 balance sheet contained in its quarterly report on Form 10-Q, filed on August 9, 2006, the Company did not comply with the minimum $10,000,000 stockholders’ equity requirement for continued listing on The Nasdaq Global Market set forth in Nasdaq Marketplace Rule 4450(a)(3). The Company reported stockholders’ equity of $8,412,000 as of June 30, 2006.
