FiberTower Announces Receipt of Nasdaq Listing Compliance Notice

SAN FRANCISCO, Dec. 10 /PRNewswire-FirstCall/ -- FiberTower Corporation (Nasdaq: FTWR), a wireless services backhaul provider, today announced that on December 8, 2009, it received a notice from the Listing Qualifications Department of the Nasdaq Stock Market (the "Department") notifying the Company that it has failed to meet the minimum bid price requirements for continued listing set forth in Nasdaq Marketplace Rule 5450(a)(1) (the "Minimum Bid Price Rule"), which requires listed companies to maintain a minimum bid price of $1.00 per share. The notice has no effect at this time on the listing of the Company's common stock on the Nasdaq Global Market, and the Company's common stock will continue to trade on the Nasdaq Global Market under the symbol "FTWR."

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