ALJ Regional Holdings, Inc. Announces Approval For Uplisting On The Nasdaq Global Market

NEW YORK, May 23, 2016 /PRNewswire/ -- ALJ Regional Holdings, Inc. (Nasdaq: ALJJ ) ("ALJ") announced today that its common stock has been approved for listing on The Nasdaq Global Market effective with the open of business on May 23, 2016. ALJ's common stock was previously listed on The Nasdaq Capital Market. The initial financial and liquidity requirements for The Nasdaq Global Market are more stringent than those for The Nasdaq Capital Market. ALJ's common stock will continue to trade under its existing trading symbol "ALJJ."

About ALJ Regional Holdings, Inc.

ALJ Regional Holdings, Inc. is the parent company of Faneuil, Inc., a leading provider of outsourcing and co-sourced services to both commercial and government entities in the healthcare, utility, toll and transportation industries, Floors-N-More, LLC, dba Carpets N' More, one of the largest floor covering retailers in Las Vegas and a provider of multiple finishing products for commercial, retail and home builder markets including all types of flooring, countertops, cabinets, window coverings and garage/closet organizers, with 5 retail locations and Phoenix Color Corp., a leading manufacturer of book components, educational materials and related products producing value-added components, heavily illustrated books and specialty commercial products using a broad spectrum of materials and decorative technologies.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements. Such statements include information regarding ALJ Regional Holdings, Inc.'s expectations, goals or intentions regarding the future, including but not limited to statements including the words "will" and "expect" and similar expressions. You should not place undue reliance on these statements, as they involve certain risks and uncertainties, and actual results or performance may differ materially from those discussed in any such statement. Factors that could cause actual results to differ materially are discussed in ALJ's Form 10 and its other periodic reports filed with the Securities and Exchange Commission and available through EDGAR on the SEC's website at www.sec.gov. All forward-looking statements in this release are made as of the date hereof and ALJ assumes no obligation to update any forward-looking statement.

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SOURCE ALJ Regional Holdings, Inc.