DENVER, Sept. 18 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. announced today that it received a Nasdaq Staff Deficiency Letter on September 15, 2009, indicating that the Company has failed to comply with the minimum bid price requirement for continued listing set forth in Listing Rule 5450(a)(1), which requires that listed securities maintain a minimum bid price of $1.00 per share. The Listing Rules also provide a grace period of 180 calendar days during which, should the closing price of the Company's stock reach $1.00 or higher for ten or more consecutive trading days, the Company will once again be in compliance with the Rule. According to the notice, the 180-day grace period will expire on March 15, 2010.
Contact: Kelly G. Maguire For more information: Vice President - Finance and http://www.bfenergy.com/ Chief Financial Officer (303) 592-8110 kmaguire@bfenergy.com
BioFuel Energy Corp.
CONTACT: Kelly G. Maguire, Vice President - Finance and Chief Financial
Officer of BioFuel Energy Corp., +1-303-592-8110, kmaguire@bfenergy.com
Web Site: http://www.bfenergy.com/
