NEW YORK, Oct. 19 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today listed the units of Granahan McCourt Acquisition Corporation under the ticker symbol GHN.U. The offer size is 11,250,000 units at $8.00 per unit for gross proceeds of $ 90M (excluding the over-allotment). One unit equals one share of common stock and one warrant. Initially, the units will be the only security trading. The IPO is underwritten by Deutsche Bank. Granahan McCourt Acquisition Corporation (the "Company") is a newly organized company formed for the purpose of acquiring or acquiring control of one or more assets or operating businesses in the telecommunications and media industries through a merger, capital stock exchange, asset or stock acquisition or other similar business combination. Granahan McCourt will focus on opportunities created by the surge in video traffic over the internet. "The American Stock Exchange is pleased to welcome Granahan McCourt Acquisition Corp. to our market," said John McGonegal, Senior Vice President of Amex's Equities Group. "As a newly formed company entering an emerging marketplace, we believe Granahan McCourt Acquisition can benefit from the host of services the Amex provides its listed entities." The specialist in Granahan McCourt Acquisition Corporation will be Kellogg Capital Group, LLC. For further information on GHN.U and other Amex-listed companies, please visit http://www.amex.com/. The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 208 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/ DATASOURCE: The American Stock Exchange CONTACT: Catherine Chantharaj of American Stock Exchange, +1-212-306-1689, Web site: http://www.amex.com/

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