Delisting of Securities of Peoples Educational Holdings, Inc., Ameritrans Capital Corporation, Mission NewEnergy Limited, and ChinaCast Education Corporation From The NASDAQ Stock Market

NEW YORK, June 26, 2012 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market announced today that it will delist the common stock of Peoples Educational Holdings, Inc. Peoples Educational Holdings, Inc.'s stock was suspended on June 14, 2012 and has not traded on NASDAQ since that time.

NASDAQ also announced that it will delist the common and preferred stock of Ameritrans Capital Corporation. Ameritrans Capital Corporation's stock was suspended on May 3, 2012 and has not traded on NASDAQ since that time.

NASDAQ also announced that it will delist the ordinary shares of Mission NewEnergy Limited. Mission NewEnergy Limited's stock was suspended on May 4, 2012 and has not traded on NASDAQ since that time.

Finally, NASDAQ announced that it will delist the common stock of ChinaCast Education Corporation. Trading in the Company's shares has been halted since April 2, 2012 and ChinaCast Education Corporation's stock was suspended on June 25, 2012.

NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting for each of these companies. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delistings and whether the companies' securities are trading on another venue, please review the companies' public filings or contact the company directly.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com. NASDAQ's rules governing the delisting of securities can be found in the NASDAQ Rule 5800 Series, available on the NASDAQ Web site: http://www.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.

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