American Stock Exchange Lists Common Stock of NovaDel Pharma Inc. NEW YORK, May 11 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today listed the common stock of NovaDel Pharma Inc. under the ticker symbol NVD. NovaDel Pharma Inc. is a drug delivery company engaged in the development of novel drug delivery systems for prescription and over-the-counter drugs. The company's proprietary lingual spray technology delivery system offers the patient (i) fast onset of action; (ii) improved drug safety by reducing the required drug dosage and reducing side effects; (iii) improved patient convenience and compliance; and (iv) enhanced dosage reliability. The NovaDel plans to develop such products independently and through collaborative arrangements with major pharmaceutical and biotech companies. "We are pleased to welcome NovaDel Pharma to the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "The Amex looks forward to working with NovaDel Pharma to increase investor attention and provide the support and services a growing company needs in today's competitive marketplace." "We are delighted to have gained listing privileges on the American Stock Exchange and we look forward to the benefits it will bring to our current and future shareholders in terms of increasing our visibility and liquidity in the capital markets," said Gary A. Shangold, MD, NovaDel's chief executive officer. The specialist in NovaDel Pharma Inc. will be Cohen Specialists, LLC. For further information on NVD and other Amex-listed companies, please visit http://www.amex.com/. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that 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 138 ETFs. 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: American Stock Exchange CONTACT: Lynn Duffy of American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/

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