TORONTO, ONTARIO--(Marketwire - March 20, 2008) - OccuLogix, Inc. (NASDAQ:OCCX)(TSX:OC) announced today that, on March 18, 2008, it had received a letter from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company had not regained compliance with Marketplace Rule 4450(a)(5), the minimum bid price rule, and that the Company’s securities are therefore subject to delisting from The Nasdaq Global Market. The Company had announced previously that Nasdaq had notified the Company on September 18, 2007 of its non-compliance with the minimum bid price rule and that it had been provided with 180 calendar days, or until March 17, 2008, to regain compliance. In its letter of March 18, 2008, Nasdaq also noted that, based on information contained in the Company’s Annual Report on Form 10-K for the financial year ended December 31, 2007, the Company does not comply with the minimum $10,000,000 stockholders’ equity requirement for continued listing on The Nasdaq Global Market set forth in Marketplace Rule 4450(a)(3).
