TOP SHIPS Inc. Regains Compliance With NASDAQ Minimum Bid Price Requirement

ATHENS, GREECE – January 10, 2011 – TOP Ships Inc. (NasdaqGS: TOPS), an international provider of worldwide seaborne crude oil, petroleum products, and drybulk transportation services, announced today that it has regained compliance with The Nasdaq Stock Market (“Nasdaq”) Listing Rule 5450(a)(1) concerning the minimum bid price requirement.

A written notification was received from Nasdaq confirming the Company’s compliance with Listing Rule 5450(a)(1) and that this matter is now closed.

About TOP Ships Inc.
TOP Ships Inc., is an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities.

For more information about TOP Ships Inc., visit its website: www.topships.org.

Top Ships Press Release