Grupo TMM, S.A.B. (NYSE: TMM), a Mexican intermodal transportation and logistics company, announced on October 17, 2008 that it had received a notice from the New York Stock Exchange that the company was not in compliance with the NYSE continued listing standard, which requires a minimum average closing price of US$1.00 per ADR over a consecutive 30-day trading period, according to a Marketwire report.

Under the NYSE’s rules, the company has six months from the date of the notice to cure this deficiency. During this period, the company’s ADRs will continue trading on the NYSE, subject to compliance with other applicable NYSE listing requirements. The company has notified the NYSE that it intends to cure the deficiency.