On March 9, 2010, Helios & Matheson North America, Inc. received a letter from The NASDAQ Stock Market stating that a deficiency exists with regard to NASDAQ Listing Rule 5550(a)(5), which requires a minimum market value of publicly held shares of $1,000,000. Based upon NASDAQs review of the Companys market value of publicly held shares for the last 30 consecutive business days, the Company no longer meets this requirement. Pursuant to the Listing Rules, NASDAQ has communicated to the Company that it has a grace period of 180 calendar days from March 9, 2010 to regain compliance with the $1,000,000 minimum market value of publicly held shares requirement. In order to regain compliance, the market value of publicly held shares must close at $1,000,000 or more for a minimum of 10 consecutive business days during the 180 day grace period.

On February 1, 2010, Helios & Matheson North America, Inc. received a letter from The NASDAQ Stock Market stating that, based on the closing bid price of the Companys listed securities for the last 30 consecutive business days, a deficiency exists with regard to NASDAQ Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. Pursuant to the Listing Rules, NASDAQ has communicated to the Company that it has a grace period of 180 calendar days from February 1, 2010, to regain compliance with the $1 minimum bid price requirement. In order to regain compliance, the bid price must close at $1 or more for a minimum of 10 consecutive business days during the 180 day grace period.

Helios & Matheson North America, Inc. entered into a Loan and Security Agreement with Keltic Financial Partners II, LP whereby Keltic is extending to the company a revolving credit facility in the aggregate principal amount of $1,000,000 secured by the companys eligible accounts receivable balances at an interest rate equal to the highest of prime plus 2.75%, LIBOR plus 5.25% or 7% assuming no event of default under the Loan Agreement. The loan agreement has certain financial covenants that shall apply only if the company has any outstanding obligations to Keltic including borrowing under the facility. This loan agreement, which is effective as of January 1, 2010 and expires on December 31, 2010, is substantially similar in all other material respects to the companys previous loan agreement with Keltic. The loan agreement replaces the loan agreement extension dated as of June 27, 2009 among the company and International Object Technology, Inc., as borrowers, and Keltic as lenders.

Helios & Matheson Reports Receipt of Letter From NASDAQ on Continued Listing Standards

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listin

Helios & Matheson Reports Receipt of Letter From NASDAQ on Continued Listing Standards

Helios & Matheson Reports Receipt of Letter From NASDAQ on Continued Listing Standards

Helios & Matheson Reports Receipt of Letter From NASDAQ on Continued Listing Standards

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listin

Helios & Matheson Reports Receipt of Letter From NASDAQ on Continued Listing Standards

Helios & Matheson Reports Receipt of Letters From NASDAQ on Continued Listing Standards

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Financial Stat

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Entry into a Material Definitive Agreement

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Y

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statem

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Change in Directors or Principal Officers

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listin

Helios & Matheson Reports Receipt of Letter From NASDAQ on Continued Listing Standards

Helios & Matheson Reports Receipt of Letters From NASDAQ on Continued Listing Standards

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K/A, Notice of Delisting or Failure to Satisfy a Continued List

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listin

HELIOS & MATHESON NORTH AMERICA INC. Files SEC form 8-K, Other Events