NewLead Holdings Ltd. Regains Compliance with NASDAQ Minimum Closing Bid Price Requirement

PIRAEUS, Greece, Aug. 18 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWLD) ("NewLead" or "the Company"), an international, vertically integrated shipping company, today announced that it has received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in Listing Rule 5450(a)(1), as its common stock has achieved a closing bid-price of $1.00 or more for 10 consecutive business days.

On February 8, 2010, NASDAQ notified NewLead that its common stock had fallen out of compliance with one of its standards for continued listing on the NASDAQ Global Select Market because the common stock failed to achieve at least a $1.00 closing bid price for 30 consecutive business days. The Company had been granted a grace period of 180 calendar days in which to regain compliance.

About NewLead Holdings Ltd.

NewLead Holdings Ltd. is an international shipping company that owns and operates product tankers, and dry bulk vessels. NewLead's common shares are traded under the symbol "NEWL" on the NASDAQ Global Select Market. Following the reverse stock split on August 3, 2010, NewLead's common shares are trading under the symbol "NEWLD" until August 31, 2010.  To learn more about NewLead Holdings Ltd., please visit the new website at www.newleadholdings.com.

SOURCE NewLead Holdings Ltd.

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