REIT Gets Extension

American Spectrum Realty Inc., Houston, has been granted an extension by the NYSE Alternext US to regain compliance with the exchange's listing standards. Back on Sept. 17, 2008, American Spectrum Realty received a notice stating that it had fallen below the continued listing criteria due to not maintaining stockholders' equity requirements and was subject to delisting. On Oct. 16, 2008 the company submitted a plan of compliance to the exchange. That plan has been accepted by NYSE Alternext US as a reasonable demonstration of American Spectrum Realty's ability to regain compliance by Feb. 17, 2010 and so its listing would be continued. The exchange staff periodically will review the company's implementation of the strategies described in the plan. Failure by American Spectrum Realty to make progress consistent with the plan or to regain compliance with the exchange's continued listing standards by Feb. 17, 2010 could result in company's common stock being delisted.