Superior Offshore International, Inc. announced that it received a delisting notice from the Nasdaq's Listing Qualifications Department citing the Company's failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2007 (the "Form 10-K") in accordance with the filing requirements for continued listing set forth in Marketplace Rule 4310(c)(14). The notice indicates that the Company's common stock is subject to delisting from The Nasdaq Stock Market at the opening of business on April 28, 2008, unless the Company requests a hearing in accordance with the Nasdaq Marketplace Rules. The Company does not intend to request such a hearing.
The Company previously announced its failure to timely file its Form 10-K on April 1, 2008.
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