BioFuel Receives Staff Deficiency Letter From Nasdaq

Fri Sep 18, 6:16 PM

DENVER, Sept. 18 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. (Nasdaq: BIOF) 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      www.bfenergy.com
              Chief Financial Officer
              (303) 592-8110
              kmaguire@bfenergy.com

SOURCE BioFuel Energy Corp.