GSC Acquisition Company Reports on Exchange Listing With NYSE Alternext US

Share Name	Share Symbol	Market	Type
Gsc Acquisition	AMEX:GGA	AMEX	Ordinary Share

Gsc Acquisition (AMEX:GGA)
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NEW YORK, Feb. 17 /PRNewswire-FirstCall/ -- GSC Acquisition Company (NYSE Alternext US: GGA) (the "Company") today announced it has received notice from the staff of the NYSE Alternext US LLC (formerly the American Stock Exchange) (the "Exchange") that the Company is not in compliance with Section 704 of the Company Guide in that it did not hold an annual meeting of its stockholders during 2008. The Company has been afforded the opportunity to submit a plan of compliance to the Exchange by March 10, 2009 that demonstrates the Company's ability to regain compliance with Section 704 of the Company Guide by August 11, 2009. The Company currently intends to submit such a plan. If the Exchange accepts the plan, then the Company may be able to continue its listing during the period up to August 11, 2009, during which time the Company will be subject to periodic review to determine whether it is making progress consistent with the plan it submitted. If the Company fails to submit a plan acceptable to the Exchange, or even if accepted, if the Company is not in compliance with the continued listing standards by August 11, 2009, or the Company does not make progress consistent with the plan during such period, then the Exchange would be expected to initiate delisting proceedings. The Company's common stock continues to trade on Exchange. The Exchange has advised the Company that the Exchange is utilizing the financial status indicator fields in the Consolidated Tape Association's Consolidated Tape System and Consolidated Quote Systems Low Speed and High Speed Tapes to identify companies that are in noncompliance with the Exchange's continued listing standards. Accordingly, the Company will become subject to the trading symbol extension ".BC" to denote such noncompliance. FORWARD LOOKING STATEMENTS This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "anticipates", "may", "can", "believes", "expects", "projects", "intends", "likely", "will", "to be" and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of GSCAC to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the ability to meet the continued listing standards of the Exchange. There is no assurance that GSCAC's expectations will be realized. If one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. CONTACT: Carl J. Crosetto +1-973-437-1007 DATASOURCE: GSC Acquisition Company CONTACT: Carl J. Crosetto, +1-973-437-1007

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GGA Gsc Acquisition