SteelCloud Granted Continued Listing on Nasdaq

* Reuters is not responsible for the content in this press release.

Thu Oct 8, 2009 11:28am EDT

HERNDON, Va., Oct. 8 /PRNewswire-FirstCall/ -- SteelCloud, Inc. (Nasdaq:
SCLD), a leading developer of mobility computing appliance solutions, today
announced that Nasdaq has granted the Company's request for continued listing,
subject to the Company evidencing, on or before January 4, 2010, at least $2.5
million in stockholder's equity or demonstrating compliance with one of
Nasdaq's alternative listing criteria.


As previously reported, SteelCloud requested a hearing before the Nasdaq
Hearings Panel to appeal the Nasdaq Suspension Notice it received on July 8,
2009, and to present its plan for regaining compliance with Nasdaq Listing
Rule 5550(b).  The hearing was held on September 3, 2009 and SteelCloud
received the Nasdaq Hearings Panel's determination on October 5, 2009.


"This is another milestone achieved by SteelCloud.  We believe the Nasdaq
Hearings Panel's decision will give our shareowners and the market confidence
that we continue, and will continue, to accomplish the goals that we set for
SteelCloud earlier this year," said Brian Hajost, SteelCloud's President and
CEO.  "We can now concentrate on our business and on the special shareholders'
meeting which we are holding on October 19th.  Raising equity is the key to
satisfying our listing requirements.  We anticipate a successful meeting,
which we believe will result in helping SteelCloud to raise the equity
necessary to achieve Nasdaq compliance."


About SteelCloud
SteelCloud is a developer and integrator of mobility computing appliance
solutions.  The Company designs, architects and develops specialized appliance
solutions for mobile computing technologies including the BlackBerry®
Enterprise Server technology from Research In Motion.  For both commercial and
government markets, SteelCloud delivers integrated hardware/software appliance
solutions that focus on ease of deployment, policy compliance, and high
availability.  Over its 20-year history, SteelCloud has won numerous awards
for technical excellence and customer satisfaction.  The Company can be
reached at (703) 674 5500.  Additional information is available at
www.steelcloud.com.  Email: info@steelcloud.com.


"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: Except for historical information, all of the statements, expectations
and assumptions contained in the foregoing are forward looking statements that
involve a number of risks and uncertainties.  It is possible that the
assumptions made by management are not necessarily the most likely and may not
materialize.  In addition, other important factors that could cause actual
results to differ materially include the following: SteelCloud's ability to
obtain financing in the short term, risks associated with the integration of
business following an acquisition, business conditions and the amount of
growth in the computer industry and general economy; competitive factors;
ability to attract and retain personnel, including key sales and management
personnel; the price of SteelCloud's stock; and the risk factors set forth
from time to time in the reports SteelCloud files with the Securities and
Exchange Commission, including but not limited to its Annual Reports on Form
10-K, Quarterly Reports on Forms 10-Q, and Current Reports on Form 8-K. 
SteelCloud undertakes no obligation to update or correct forward-looking
statements.






SOURCE  SteelCloud, Inc.

Tim Clemensen for SteelCloud, +1-212-843-9337, tclemensen@rubensteinir.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.