Simclar, Inc. (NASDAQ:SIMC), a multi-plant electronics contract manufacturer, announced today that it has received notice of a decision by the Nasdaq Listing Qualifications Panel finding the Company in compliance with all Nasdaq applicable listing standards and that the listing of the Company's shares on The Nasdaq Stock Market will continue. The Company had previously reported in August, 2006 that it had been notified of a Nasdaq staff recommendation that its shares be delisted as the result of the failure to timely file its quarterly report on Form 10-Q for the second quarter of 2006. The delay in filing the report resulted from a review of accounting errors discovered by the Company at the Brownsville, Texas and Matamoros, Mexico facilities of its Simclar (Mexico), Inc. subsidiary. The Company requested a hearing on the Nasdaq staff recommendation, which was held on October 12, 2006, at which the Company presented its plans for regaining compliance with the criteria for continued listing. On October 27, 2006, the Company filed with the SEC its delinquent second quarter report on Form 10-Q, along with an amended 2005 Form 10-K and amended Form 10-Q for the first quarter of 2006, both of which restated financial statements for the applicable periods to correct the previously discovered accounting errors at Simclar (Mexico), Inc. As found by the Listing Qualifications Panel, the Company is now in compliance with all Nasdaq listing requirements, and the listing of its common stock on The Nasdaq Stock Market will continue.

Visit Simclar, Inc. at its website, http://www.simclar.com for more information about the Company. To find the Company's SEC filings, visit the SEC website at http://www.sec.gov/edgar/searchedgar/companysearch.html and enter Simclar's ticker symbol: SIMC.