Ampex Definitively Delisted From Nasdaq

Ampex Corporation has informed the Nasdaq Office of General Counsel, Hearings, that it no longer wishes to appeal the Staff’s  determination to delist Ampex Corporation’s Class A Common Stock from The Nasdaq Stock Market.

The Company has been informed that its Class A Common Stock will be delisted, effective as of the opening of business on Thursday, May 8, 2008. Nasdaq’s determination to delist the Company’s Common Stock was based on the Company’s filing of a voluntary petition for relief under chapter 11 of the U.S. Bankruptcy Code on March 30, 2008, and associated public interest concerns raised by it, concerns regarding the residual equity interests of existing Common Stockholders, and the Company’s ability to sustain compliance with all of Nasdaq’s continued listing requirements.