GreenHunter Energy report that NYSE Amex has accepted GreenHunter's plan to regain compliance with the exchange's listing criteria as previously disclosed in a Press Release dated November 23, 2011.

In a letter to the Company dated January 27, 2012, the NYSE Amex indicated that it had determined that GreenHunter's plan, submitted to the exchange on December 20, 2011, made a reasonable demonstration of the Company's ability to regain compliance with the exchange's listing standards. Further, though the Company is not currently in compliance with certain of the exchange's listing standards, the exchange has granted GreenHunter an extension until March 20, 2012 to regain compliance with Section 1003(a)(iv) of the Exchange's Company Guide.

In response to the NYSE Amex exchange decision to accept GreenHunter's continued listing plan, Mr. Gary C. Evans, Chairman and Chief Executive Officer, commented, "Since early 2011, management has been hard at work redirecting GreenHunter Energy by building a portfolio of water assets under our Total Water Management Solutions? name brand to assist unconventional resource shale operators in managing their water logistics, disposal, recycling, storage and tracking requirements. We are confident that by continuing to execute on our extensive pipeline of new business opportunities, we will be able to accelerate revenue growth, regain financial stability, and build a successful business for the benefit of our shareholders."

Tags: GreenHunter Energy