updated 4/7/2011 6:45:34 PM ET 2011-04-07T22:45:34

NEW YORK, April 7, 2011 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market® (Nasdaq:NDAQ) announced that trading was halted today in Subaye Inc. (Nasdaq:SBAY) at 17:19:04 p.m. Eastern Time for "additional information requested" from the company at a last sale price of $2.15.

Trading will remain halted until Subaye Inc. has fully satisfied NASDAQ's request for additional information.

For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the NASDAQ Web site.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com .

NDAQO

CONTACT: Media Contacts:
         Wayne Lee
         +1 310 978 4875
         
         Alexandra Honeysett
         +1 646 441 5211

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