NEW YORK, May 20 /PRNewswire-FirstCall/ -- GSC Acquisition Company (NYSE Amex: GGA) (the "Company") today announced that NYSE Amex (the "Exchange") has granted an extension until August 11, 2009 for the Company to regain compliance with the continued listing standards of the Exchange. As previously announced, the Company is not in compliance with Section 704 of the Company Guide of the Exchange as a result of the Company not holding an annual meeting of its stockholders during 2008. The extension is subject to various conditions, including providing the staff of the Exchange with updates in connection with the Company's plan of compliance previously submitted to the Exchange. Notwithstanding the extension, the Exchange may immediately commence delisting proceedings should the Company not show progress consistent with the plan or if the Exchange determines such delisting is in the public interest. FORWARD-LOOKING STATEMENTS This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "anticipates", "may", "can", "believes", "expects", "projects", "intends", "likely", "will", "to be" and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the ability to meet the continued listing standards of the Exchange. There is no assurance that the Company's expectations will be realized. If one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. Contact: Carl J. Crosetto GSC Group 973-437-1007 Roland Tomforde Broadgate Consultants, LLC 212-232-2222 DATASOURCE: GSC Acquisition Company CONTACT: Carl J. Crosetto, of GSC Group, +1-973-437-1007; Roland Tomforde of Broadgate Consultants, LLC, +1-212-232-2222

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