Bell Micro Gets Additional Notice

SAN JOSE, Calif. -- Bell Microproducts Inc.(NASDAQ:BELM) today announced that, as expected, it has received an additional staff determination notice from the NASDAQ Stock Market, stating that it is not in compliance with the requirements for continued listing pursuant to NASDAQ Marketplace Rule 4310(c)(14), due to its failure to file on a timely basis its Quarterly Report on Form 10-Q for the quarter ended March 31, 2007. This staff determination notice serves as an additional basis for delisting the Company's common stock from trading on NASDAQ. As a result, the Company's securities remain subject to delisting from trading on the Nasdaq Global Market. As previously disclosed, Nasdaq initially informed the Company in November 2006 that it was not in compliance with continued listing standards due to the Company's delay in filing its Quarterly Report on Form 10-Q for the period ended September 30, 2006. The Company subsequently requested and was granted a hearing before the Nasdaq Listing Qualifications Panel, which granted the Company's request for an extension for continued listing until May 22, 2007. The Company appealed this extension, and the Nasdaq Listing and Hearing Review Council ("ListingCouncil") notified the Company that the delisting decision of the Qualifications Panel was stayed. The Company intends to submit additional information for the Listing Council review.

The Company also announced that it has engaged Financial Intelligence, LLC to assist it with various finance and accounting matters. A consultant from Financial Intelligence will serve as interim vice president of finance for the Company, replacing an employee who the Company had recently hired to serve in that capacity. Financial Intelligence will also provide services related to accounting for revised measurement dates for stock options.

Bell Microproducts