Notice of Engex, Inc. (NYSE Amex Symbol - EGX)

NEW YORK, Jan. 10, 2012 /PRNewswire/ -- Engex, Inc.-Symbol EGX - On January 5, 2012, Engex, Inc. (the "Fund") received notice from the NYSE Amex indicating that the Fund was below certain of the Exchange's continued listing standards.  Specifically, the Fund was not in compliance with Section 1003(a)(iii) of the Company Guide with stockholder's equity (as in net assets) of less than $6,000,000 and net losses in its five most recent fiscal years and Section 1003(b)(v)(A) of the Company Guide in that its total market value of publicly held shares and net assets are each less than $5,000,000 for more than sixty consecutive days.  The notice from the NYSE Amex stated that in order to maintain its listing, the Fund must submit a plan by February 6, 2012, addressing how it intends to regain compliance with Section 1003(a)(iii) and 1003(b)(v)(A) of the Company Guide by April 30, 2012.

The Fund is reviewing the notice from the NYSE Amex and assessing the alternatives available to it.

www.engexinc.com

SOURCE Engex, Inc.

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