American Community Newspapers Inc. Begins Trading on the Pink OTC Markets Under New Ticker Symbol

Files Form 15 with SEC 


DALLAS, Nov. 10  /PRNewswire-FirstCall/ -- American Community Newspapers Inc. (Pink Sheets: ACNI) ("ACN") today announced that the ACN's common stock, warrants and units are trading on the Pink OTC Markets, a centralized electronic quotation service for over-the-counter securities, under the ticker symbols ACNI.PK, ACNIW.PK and ACNIU.PK, respectively. ACN was formerly traded on the NYSE Alternext US LLC under the ticker symbol ANE.

Additionally, ACN announced it has filed a Form 15 with the Securities and Exchange Commission ("SEC") to voluntarily deregister its common stock, warrants and units under the Securities Exchange Act of 1934, as amended, and will immediately suspend filing reports with the SEC, including Forms 10-K, 10-Q, and 8-K. ACN expects that the deregistration will become effective on or about February 8, 2009.

About American Community Newspapers Inc.

ACN is a community newspaper publisher in the United States, operating within four major U.S. markets: Minneapolis-St. Paul, Dallas, Northern Virginia (suburban Washington, D.C.) and Columbus, Ohio.  These markets are some of the most affluent, high growth markets in the United States, with ACN strategically positioned in many of the wealthiest counties within each market. ACN's goal is to be the preeminent provider of local content and advertising in any market its serves.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to ACN's future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," " seek, " "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" and similar expressions. 

DATASOURCE: American Community Newspapers Inc.



CONTACT:  Investors - Corey Kinger, , or Media - Joe

LoBello, , both of Brainerd Communicators,

[phone], for American Community Newspapers Inc.

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