Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On December 29, 2008, Mr. Christopher Vizas, previously an independent director and member of the Audit Committee, resigned from the Speedus Corp. (the "Company") Board of Directors. Mr. Vizas will continue as Executive Chairman of Density Dynamics Corporation, a recently acquired majority-owned subsidiary of Speedus and pioneer of Green Solid RAM memory and processing products.

The Company filed a Form 8-K on December 16, 2008 to report that Mr. Vizas accepted the position of Executive Chairman of Density Dynamics. As a result, the Company received written notification from The Nasdaq Stock Market advising the Company that it was non-compliant with Marketplace Rules of The Nasdaq Stock Market regarding both the independent director and audit committee requirements.

As a result of Mr. Vizas' resignation from the Company's Board of Directors, the Company will now have until the earlier of the Company's next annual shareholders' meeting or December 2, 2009; or, if the next annual shareholders' meeting is held before June 1, 2009, June 1, 2009, to regain compliance with Marketplace Rules of The Nasdaq Stock Market regarding both the independent director and audit committee requirements.

Density Dynamics can be found on the web at www.densitydynamics.com.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth under "Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing" is incorporated by reference into this Item 5.02.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits.

99.1 Press release dated December 29, 2008

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