BOULDER, CO -- (Marketwire) -- 04/17/09 -- AeroGrow International, Inc. (NASDAQ: AERO)
("AeroGrow" or the "Company"), makers of the AeroGarden® line of indoor
gardening products, announced that on April 16, 2009, the Company was
notified by Nasdaq that it has not paid certain fees required by Listing
Rule 5210(d). Accordingly, Nasdaq informed AeroGrow that it will be
delisted unless AeroGrow appeals the determination by April 23, 2009.
AeroGrow plans to appeal the determination.
About AeroGrow International, Inc.
Founded in 2002 in Boulder, Colorado, AeroGrow International, Inc. is
dedicated to the research, development and marketing of the AeroGarden®
line of foolproof, dirt-free indoor gardens. AeroGardens allow anyone to
grow farmer's market fresh herbs, salad greens, tomatoes, chili peppers,
flowers and more, indoors, year-round, so simply and easily that no green
thumb is required. See www.aerogrow.com.
FORWARD-LOOKING STATEMENTS
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements by Jerry Perkins, and/or the Company, statements
regarding growth of the AeroGarden product line, optimism related to the
business, expanding sales and other statements in this press release are
forward-looking statements within the meaning of the Securities Litigation
Reform Act of 1995. Such statements are based on current expectations,
estimates and projections about the Company's business. Words such as
expects, anticipates, intends, plans, believes, sees, estimates and
variations of such words and similar expressions are intended to identify
such forward-looking statements. These statements are not guarantees of
future performance and involve certain risks and uncertainties that are
difficult to predict. Actual results could vary materially from the
description contained herein due to many factors including continued market
acceptance of the Company's products or the need to raise additional
capital. In addition, actual results could vary materially based on changes
or slower growth in the indoor garden market; the potential inability to
realize expected benefits and synergies; domestic and international
business and economic conditions; changes in customer demand or ordering
patterns; changes in the competitive environment including pricing
pressures or technological changes; technological advances; shortages of
manufacturing capacity; future production variables impacting excess
inventory and other risk factors listed from time to time in the Company's
Securities and Exchange Commission (SEC) filings under "risk factors" and
elsewhere. The forward-looking statements contained in this press release
speak only as of the date on which they are made, and the Company does not
undertake any obligation to update any forward-looking statement to reflect
events or circumstances after the date of this press release.
