Diomed Holdings Reports Notice Regarding AMEX Listing Standards

ANDOVER, Mass.--(BUSINESS WIRE)--Diomed Holdings, Inc. (AMEX: DIO - News), a leading developer and marketer of minimally invasive medical technologies, including its patented EVLT® laser treatment for varicose veins, today announced that it has received notice from the American Stock Exchange advising the Company that, based on the Company’s balance sheet included in its most recent quarterly report on Form 10QSB, it did not satisfy Sections 1003(a)(ii) and (iii) of the AMEX Company Guide’s standards for continued listing on the Exchange. The standards require that a company maintain at least $4 million in stockholders’ equity if the company has sustained losses from continuing operations in three of its four most recent fiscal years and at least $6 million in stockholders’ equity if the company has sustained losses from continuing operations in its five most recent fiscal years.
According to the notice, the Company must submit a Plan by January 3, 2008 advising the Exchange what plans it has taken or will take to bring it into compliance with the continued listing standards by February 3, 2009. Though there can be no guarantee that the Plan will be accepted by the Exchange, the Company believes it will be able to file a plan acceptable to the Exchange and expects to do so by January 3, 2008.

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