SL Industries Announces Receipt of Notice Letter From NYSE Amex

SL Industries, Inc. announced that it received a letter from NYSE Amex, LLC (the "Exchange") indicating that the staff of the Exchange’s Corporate Compliance Department (the "Staff") has determined that the company is not in compliance with Section 704 of the Exchange’s Company Guide, one of the Exchange’s continuing listing standards, because the company failed to hold an annual meeting of its stockholders during 2010. The company intends to hold a meeting of its stockholders on or prior to September 14, 2011, and believes that upon holding such meeting it will be in compliance with the Exchange’s continued listing standards.

Pursuant to the Staff letter, in order for the company to maintain its Exchange listing, the company must submit a plan of compliance by April 13, 2011 (the "Plan") advising the Exchange of action it has taken, or will take, that would bring it into compliance with Section 704 of the Company Guide by September 14, 2011.

The company intends to submit a Plan to the Exchange on or before April 13, 2011 to regain compliance. After submission of the Plan, management from the Exchange’s Corporate Compliance Department will evaluate the Plan and make a determination as to whether the company has made a reasonable demonstration in the Plan of an ability to regain compliance with the continued listing standards by September 14, 2011, in which case the Plan will be accepted. If the Plan is accepted, the company may be able to continue its listing up to September 14, 2011, during which time the company will be subject to periodic review to determine whether the company is making progress consistent with the Plan.