Nautilus Marine Acquisition Receives Letter From Nasdaq

Nautilus Marine Acquisition Receives Letter From Nasdaq Regarding
Continued Listing Requirements 
Company to Remain Listed While Seeking to Consummate Its Acquisition
of Assetplus Limited and Achieve Compliance With Nasdaq Listing
Standards 
ATHENS, GREECE -- (Marketwire) -- 01/17/13 --   Nautilus Marine
Acquisition Corp. ("Nautilus") (NASDAQ: NMAR) announced that it has
received a letter from The NASDAQ Stock Market ("Nasdaq"), dated
January 11, 2013, which stated a determination by Nasdaq that
Nautilus is not in compliance with Nasdaq's continued listing
requirement to maintain a minimum of 300 public holders under Nasdaq
Rule 5550(a)(3).  
In its letter, Nasdaq granted Nautilus until February 15, 2013 to
demonstrate compliance with all requirements for initial listing on
Nasdaq following completion of its pending business combination with
Assetplus Limited. Nautilus' common shares will continue to be listed
on the Nasdaq Capital Market during such period.  
Nautilus has been in communication with Nasdaq and is presently
seeking to address this matter in order to be in compliance with
Nasdaq's listing requirement as of the close of the business
combination. 
Pursuant to Nautilus' articles of incorporation, Nautilus will be
required to liquidate if it cannot consummate the acquisition of
Assetplus Limited or another business combination prior to February
14, 2013.  
About Nautilus 
Nautilus was formed in November 2010 pursuant to the laws of the
Republic of the Marshall Islands for the purpose of acquiring,
through a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization, exchangeable share transaction or other
similar business transaction with one or more operating businesses or
assets. A registration statement for Nautilus' initial public
offering (the "IPO") was declared effective on July 14, 2011. It
consummated its IPO on July 20, 2011 and received gross proceeds of
$48,000,000. Nautilus issued an aggregate of 4,800,000 Units in the
IPO. Each Unit consisted of one Common Share and one warrant. Each
warrant entitles the holder to purchase from Nautilus one Common
Share at an exercise price of $11.50 per share. Prior to the
consummation of the IPO, Nautilus completed a private placement of an
aggregate of 3,108,000 Warran
ts to certain insiders, generating gross
proceeds of $2,331,000. A total of $48,480,000 of the net proceeds
from the IPO and the private placement were placed in a Trust Account
established for the benefit of Nautilus' public shareholders. 
Cautionary Note Regarding Forward-Looking Statements  
Some of the statements in this release are or may constitute
"forward-looking statements." Words such as "believe," "expect,"
"anticipate," "project," "target," "optimistic," "intend," "aim,"
"will" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements involve
estimates, expectations and projections and, as a result, are subject
to risks and uncertainties. Actual results (including, without
limitation, the ability of Nautilus to achieve compliance with Nasdaq
listing standards and the results of Nautilus' proposed business
combination with Assetplus Limited) could differ materially if not
substantially from those described in the forward-looking statements.
Important risks and other factors could cause actual results to
differ materially from those indicated by such forward-looking
statements. These risks, as well as other risks associated with the
acquisition of Assetplus and Nautilus' ongoing tender offer, have
been more fully discussed in Nautilus' Schedule TO, as amended, filed
with the SEC in connection with the tender offer. Additional risks
and uncertainties are identified and discussed in Nautilus' reports
filed or to be filed with the SEC and available at the SEC's website
at http://www.sec.gov. Forward-looking statements included in this
press release speak only as of the date of this press release.
Nautilus undertakes and assumes no obligation, and do not intend, to
update Nautilus' forward-looking statements, except as required by
law. 
Company Contact:
Prokopios "Akis" Tsirigakis
President
Nautilus Marine Acquisition Corp.
+30 210 876-4750 
Investor Relations Contact:
Matthew Abenante
Investor Relations Advisor
Capital Link, Inc.
230 Park Avenue - Suite 1536
New York, N.Y. 10169
Tel. (212) 661-7566
Email: nautilus@capitallink.com 
 
 
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