Regent Communications Receives Nasdaq Notification

    CINCINNATI, Aug. 15 /EMWNews/ -- Regent Communications,

Inc. (Nasdaq: RGCI) announced today that on August 11, 2008, it received a

letter from The Nasdaq Stock Market, Inc. ("Nasdaq") notifying the Company

that for the 30 consecutive trading days preceding the date of the letter,

the bid price of the Company's common stock had closed below the $1.00 per

share minimum required for continued inclusion on the Nasdaq Global Market

pursuant to Nasdaq Marketplace Rule 4450(a)(5).



    The letter further notified the Company that, in accordance with Nasdaq

Marketplace Rule 4450(e)(2), the Company will be provided 180 calendar

days, or until February 9, 2009, to regain compliance with the minimum bid

price requirement. Compliance will be achieved if the bid price per share

of the Company's common stock closes at $1.00 per share or greater for a

minimum of ten consecutive trading days prior to February 9, 2009.



    If the Company does not achieve compliance within the required period,

the Nasdaq staff will provide written notification that the Company's

securities will be delisted. In that event and at that time, the Company

may appeal the Nasdaq staff delisting determination to a Nasdaq Listing

Qualifications Panel. Alternatively, the Company can apply to transfer its

securities to The Nasdaq Capital Market if it satisfies the requirements

for initial inclusion set forth in Marketplace Rule 4310(c), other than the

bid price requirement, either during the first 180 day period or after

February 9, 2009. If the Company's application is approved, the Company

will be afforded the remainder of a second 180 calendar day compliance

period in order to regain compliance with the Minimum Bid Price Rule.

    About Regent Communications



    Regent Communications, Inc. is a radio broadcasting company focused on

acquiring, developing and operating radio stations in mid-sized markets.

Regent owns and operates 62 stations located in 13 markets. Regent's shares

are traded on the Nasdaq Stock Market under the symbol "RGCI."



    This press release includes certain forward-looking statements with

respect to Regent Communications, Inc. for which it claims the protections

of the safe harbor for forward-looking statements contained in the Private

Securities Litigation Reform Act of 1995. These forward-looking statements

involve certain risks and uncertainties and include statements preceded by,

followed by or that include words such as "anticipate," "believe," "plan,"

"estimate," "expect," "intend," "project" and other similar expressions.

Although Regent believes expectations reflected in these forward-looking

statements are based on reasonable assumptions, such statements are

influenced by financial position, business strategy, budgets, projected

costs, and plans and objectives of management for future operations. Actual

results and developments may differ materially from those conveyed in the

forward-looking statements based on various factors including, but not

limited to: changes in economic, business and market conditions affecting

the radio broadcast industry, the markets in which we operate, and

nationally; increased competition for attractive radio properties and

advertising dollars; fluctuations in the cost of operating radio

properties; the ability to manage growth; the ability to integrate these

and other acquisitions; and changes in the regulatory climate affecting

radio broadcast companies, including uncertainties surrounding recent

Federal Communication Commission rules regarding broadcast ownership

limits. Additionally, there can be no assurance that Nasdaq would approve

an application for transfer of Regent's common stock listing to The Nasdaq

Capital Market and/or that Nasdaq would grant any appeal for continued

listing, in the event that Regent would seek such relief. Further

information on other factors that could affect the financial results of

Regent Communications, Inc. is included in Regent's filings with the

Securities and Exchange Commission. These documents are available free of

charge at the Commission's website at http://www.sec.gov and/or from Regent

Communications, Inc.