Neose Technologies Inc. announced that, in accordance with the Plan of Complete Liquidation and Dissolution approved by its stockholders on January 26, 2009, its Board of Directors has approved an initial liquidating distribution in the amount of $0.33 per share of common stock. The Initial Distribution is expected to be made on or about March 24, 2009 to stockholders of record as of the close of business on March 2, 2009.

Neose Technologies Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.

Neose Technologies, Inc. announced that it has filed with the Securities and Exchange Commission (SEC) a Form 25 relating to the delisting of its common stock from the NASDAQ Global Market. The NASDAQ Stock Market will suspend trading in the Stock effective at the open of business on March 3, 2009, with official delisting of the Stock becoming effective ten days thereafter, on March 13, 2009.