Summary of GSC ACQUISITION CO

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Item 3.01. Notice of Failure to Satisfy a Continued Listing Rule or Standard.

On February 10, 2009, GSC Acquisition Company (the "Company") received notice from the staff of the NYSE Alternext US LLC (the "Exchange") that, based on their review of publicly available information, the Company is not considered to be in compliance with Section 704 of the Exchange's Company Guide (the "Company Guide") in that it did not hold an annual meeting of its stockholders during 2008.

In order to maintain listing of the Company's common stock on Exchange, the Company must submit a plan (the "Plan") by March 10, 2009, advising the Exchange of the actions the Company has taken, or will take, that would bring it into compliance with Section 704 of the Company Guide by August 11, 2009 (the "Plan Period"). The Company currently intends to submit a Plan. Assuming a Plan is submitted, if the Exchange accepts the Plan, then the Company may be able to continue its listing during the Plan Period, during which time the Company will be subject to periodic review to determine whether it is making progress consistent with the Plan. If the Company does not submit a Plan or submits a plan that is not accepted by the Exchange, then the Company may become subject to delisting proceedings by the Exchange. Furthermore, if the Company submits a Plan that is accepted but the Company is not in compliance with the continued listing standards at the end of the Plan Period or the Company does not make progress consistent with the Plan during the Plan Period, then the Exchange would be expected to initiate delisting proceedings.

The Company's common stock continues to trade on the Exchange. The Exchange has advised the Company that the Exchange is utilizing the financial status indicator fields in the Consolidated Tape Association's Consolidated Tape System and Consolidated Quote Systems Low Speed and High Speed Tapes to identify companies that are in noncompliance with the Exchange's continued listing standards. Accordingly, the Company will become subject to the trading symbol extension ".BC" to denote such noncompliance. The indicator field will remain in effect until such time as the Company has regained compliance with all applicable continued listing standards.

On February 13, 2009, the Company issued a press release disclosing the receipt of the notice of noncompliance with continued listing standards, a copy of which is attached hereto as Exhibit 99.1.