ExpressJet Announces Reverse Stock Split

ExpressJet announced today that it filed a definitive proxy statement with the Securities and Exchange Commission pursuant to Section 14(a) of the Securities Exchange Act of 1934 requesting shareholder approval for a 1:10 reverse stock split for its common shares. The reverse stock split, as previously announced, is part of ExpressJet's continuing efforts toward improving liquidity for its stockholders. ExpressJet will hold a special stockholder meeting in Houston, Texas on Wednesday, October 1 at 10:00 AM Central to seek approval for the transaction.

As a result of the reverse stock split, every 10 shares of ExpressJet common stock will be combined into one share of ExpressJet common stock and be traded under a new CUSIP.

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