Ciprico Receives Notice from NASDAQ Due to Delayed Filing of Quarterly Report

  
    
  
  
    
      Ciprico Inc. (Nasdaq: CPCI) (the “Company”) 
      today announced that it received a Nasdaq Staff Determination notice on 
      May 21, 2008 indicating that the Company is not in compliance with the 
      filing requirements for continued listing as set forth in Nasdaq 
      Marketplace Rule 4310(c)(14).
    
    
      The Company anticipated receipt of this notice because, as previously 
      disclosed, it would not be timely with its filing of Form 10-QSB for the 
      quarter ended March 31, 2008. The headcount reduction announced in March 
      impacted the finance and accounting team who are responsible for 
      preparing the filing. Over this same time period this team has also been 
      assisting with the Company’s strategic 
      alternative analyses.
    
    
      The notice is automatically generated by Nasdaq and indicated that due 
      to such non-compliance, the Company's common stock is subject to 
      potential delisting. The Company, in accordance with Nasdaq procedures, 
      has requested a hearing to review the determination notice before a 
      Nasdaq Listing Qualifications Panel (the "Panel"). The hearing request 
      will automatically stay the suspension of trading of the Company's 
      common stock on the Nasdaq Capital Market until the hearing can be 
      scheduled and convened, typically 30 to 45 days after the request. The 
      Company will work toward continued listing, but there can be no 
      assurance that the Panel will grant the Company's request for continued 
      listing.
    
    
      About Ciprico
    
    
      Ciprico Inc. (Nasdaq: CPCI) is a leading provider of intelligent storage 
      software, solutions and appliances for enterprise class IT servers, 
      professional workstations and digital media workflows. Ciprico is 
      headquartered in Minneapolis, MN. More information about Ciprico is 
      available at www.ciprico.com.