AeroGrow Receives Marketplace Rule 4310(c)(3) Notice From NASDAQ

SOURCE:

AeroGrow International, Inc.

2008-08-13 09:00:00

BOULDER, CO–(EMWNews – August 13, 2008) – AeroGrow International, Inc. (NASDAQ: AERO)

(“AeroGrow” or the “Company”), makers of the AeroGarden® line of indoor

gardening products, announced that on August 11, 2008, the Company was

notified by NASDAQ that it is no longer in compliance with Marketplace Rule

4310(c)(3), which requires the Company to have a minimum $2.5 million in

stockholders’ equity, $35 million market capitalization, or $500,000 of net

income from continuing operations for the most recently completed fiscal

year or two of the three most recently completed fiscal years.

NASDAQ staff has requested that, on or before August 26, 2008, the Company

submit its specific plan to achieve and sustain compliance with all listing

requirements, including the time frame for completion of the plan.

AeroGrow expects to submit its plan to NASDAQ on or before August 26, 2008.

About AeroGrow International, Inc.

Founded in 2002 in Boulder, Colorado, AeroGrow International, Inc. is

dedicated to the research, development and marketing of the AeroGarden®

line of indoor gardening products. AeroGardens feature dirt-free, aeroponic

technology, allowing anyone to grow farmer’s market fresh herbs, salad

greens, tomatoes, chili peppers, flowers and more, indoors, year-round, so

simply and easily that no green thumb is required. See www.aerogrow.com.

FORWARD-LOOKING STATEMENTS

“Safe Harbor” Statement under the Private Securities Litigation Reform Act

of 1995: Statements by Jerry Perkins, and/or the Company, statements

regarding growth of the AeroGarden product line, optimism related to the

business, expanding sales and other statements in this press release are

forward-looking statements within the meaning of the Securities Litigation

Reform Act of 1995. Such statements are based on current expectations,

estimates and projections about the Company’s business. Words such as

expects, anticipates, intends, plans, believes, sees, estimates and

variations of such words and similar expressions are intended to identify

such forward-looking statements. These statements are not guarantees of

future performance and involve certain risks and uncertainties that are

difficult to predict. Actual results could vary materially from the

description contained herein due to many factors including continued market

acceptance of the Company’s products or the need to raise additional

capital. In addition, actual results could vary materially based on changes

or slower growth in the kitchen garden appliance market; the potential

inability to realize expected benefits and synergies; domestic and

international business and economic conditions; changes in customer demand

or ordering patterns; changes in the competitive environment including

pricing pressures or technological changes; technological advances;

shortages of manufacturing capacity; future production variables impacting

excess inventory and other risk factors listed from time to time in the

Company’s Securities and Exchange Commission (SEC) filings under “risk

factors” and elsewhere. The forward-looking statements contained in this

press release speak only as of the date on which they are made, and the

Company does not undertake any obligation to update any forward-looking

statement to reflect events or circumstances after the date of this press

release.

CONTACTS:
Corporate
John Thompson
AeroGrow International, Inc
(303) 444-7755

Investor
Budd Zuckerman
Genesis Select Corporation
(303) 415-0200

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