ITEM 8.01 OTHER EVENTS.

Ace Marketing & Promotions, Inc. announces the extension of the expiration date of its Class A, Class B and Class C Warrants through the close of business on September 30, 2009. The Class A and Class B Warrants maintain an exercise price of $2.00 per share and the Class C Warrants maintain an exercise price of $1.75 per share. While Management reserves the right to grant further extensions to these Warrants, no further extensions are expected. The fact that the Company has granted extensions in the past should not be indicative that further extensions will occur.