Aries Maritime Transport Limited Regains Compliance with NASDAQ Closing Bid Price Requirement

ATHENS, Greece, Oct. 26  /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited (NASDAQ:RAMS) (the "Company") announced that it 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, and that this matter is now closed.

On September 16, 2009, NASDAQ notified the Company that its common stock had fallen out of compliance with one of its standards for continued listing on the NASDAQ Global 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 Aries Maritime Transport Limited

Aries Maritime Transport Limited is an international shipping company that owns and operates products tankers, container vessels and drybulk carriers. For more information please visit our website at http://www.ariesmaritime.com/.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from results expressed or implied by this press release. Actual results may differ Aries undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

  CONTACT:
  Investor Relations
  CJP Communications
  Laura Kowalcyk
  [phone] (x209)
  

DATASOURCE: Aries Maritime Transport Limited



CONTACT:  Laura Kowalcyk, Investor Relations, CJP Communications,

[phone] (x209), 



Web Site:  http://www.ariesmaritime.com/ 

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