MRU Holdings, Inc. Files Voluntary Petition for Relief Under Chapter 7 of the Bankruptcy Code

Share Name	Share Symbol	Market	Type
Mru Holdings (MM)	NASDAQ:UNCL	NASDAQ	Common Stock

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Mru Holdings (MM)

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MRU Holdings, Inc. Files Voluntary Petition for Relief Under Chapter 7 of the Bankruptcy Code

09/02/2009 1:00pm

PR Newswire (US)

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NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- MRU Holdings, Inc. (NASDAQ: UNCL) today announced the filing of a voluntary petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under Chapter 7 of Title 11 of the United States Code. As a result, the Company has suspended all business operations. The Company expects that the Court will promptly appoint a bankruptcy trustee. Safe Harbor Statement The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair the Company's results of operations and/or its financial condition. These forward-looking statements may be affected by the risks and uncertainties inherent in the educational finance market and in the Company's business, as disclosed by the risk factors contained in the Company's annual report on Form 10-K for the fiscal year ended June 30, 2008 and quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2008. The Company cautions that certain important factors may have affected and could in the future affect the Company's beliefs and expectations, and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. The forward-looking statements contained herein are made as of the date hereof and the Company does not assume any obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances. UNCLF DATASOURCE: MRU Holdings, Inc. CONTACT: Karin Pellmann, +1-646-515-6933, for MRU Holdings, Inc.

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