Presidential Realty Corporation, a real estate investment trust whose Class B common stock is traded on the NYSE AMEX LLC (the "Exchange"), has received a notice from the Exchange, indicating that the company is not in compliance with the Exchange's continued listing standard set forth in Section 1003(a)(iii) of the Exchange's Company Guide due to having stockholders' equity of less than USD6,000,000 at March 31, 2011 and losses from continuing operations in its five most recent fiscal years ended December 31, 2010.

As permitted by the Exchange, the company currently expects to submit a plan to the Exchange by July 18, 2011 that demonstrates the company's ability to regain compliance with the listing standard of Section 1003(a)(iii) of the Exchange's Company Guide by December 17, 2012. If the plan is accepted, the company may be able to continue its listing during the remediation period, during which time it will be subject to periodic review to determine whether it is making progress consistent with the plan. The company's Class B common stock continues to trade under the symbol "PDL-B" but the symbol will become subject to the indicator extension ".BC" to denote the Company's noncompliance with the Exchange's listing standard. The Company's Class A common stock trades in the over the counter market under the symbol PDNLA.