Constar International Inc. (NASDAQ: CNST) today announced that on January 11, 2011, the Company was given a notice by The NASDAQ Stock Market that in connection with the Company’s filing of Chapter 11 cases that day, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, the NASDAQ staff determined that the Company’s common stock will be delisted from The NASDAQ Stock Market. Trading will be suspended at the opening of business on January 20, 2011. The Company does not intend to appeal the NASDAQ staff’s determination. Therefore, the Company expects that its common stock will be delisted after completion by NASDAQ of application to the Securities and Exchange Commission, and the Company’s securities will not be eligible to trade on the OTC Bulletin Board or in the “Pink Sheets” unless a market maker makes application to register in and quote the security and such application is cleared.
| Mark Borseth Executive Vice President and Chief Financial Officer +1 (215) 552-3772 |
